Grid operators installed a record 4.8 gigawatt-hours of energy storage capacity in the third quarter, driven primarily by utility-scale lithium-iron-phosphate deployments. The growth comes as regional transmission organizations balance variable solar and wind output.
Supply Chain Constraints
While cell pricing has dropped 22 percent due to overcapacity in manufacturing, high-voltage transformer shortages remain a major bottleneck. Project leads report lead times for substation equipment exceeding 100 weeks in North American markets.