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U.S. Battery Storage Is Booming | OilPrice.com

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U.S. battery storage installations are soaring in the United States thanks to incentives in the Inflation Reduction Act (IRA), which offers, for the first time, tax credits for standalone storage capacity.

Solar is set to account for the largest share of new capacity, at 58% , followed by battery storage, at 23% .

Solar and battery storage will account for 81% of new electric-generating capacity in 2024 .