With global energy storage deployments poised to hit 500 GW by 2031, the U.S. energy storage market leads its peers on the world stage, according to Wood Mackenzie’s Global Energy Storage Outlook. 

While average installations are expected to hover around 54 GWh/year through 2031, analysts said they project 2022 and 2023 energy storage additions would fall about 30% because of disruptions from the U.S. Department of Commerce’s investigation into whether China is sending solar parts through Southeast Asian countries to avoid taxes.

The U.S. solar and storage market was “hit hard” by the anti-dumping and countervailing duties (AD/CVD) tariff suit from March, “with approximately 35% of 2022 hybrid grid-scale installations delayed,” said Wood Mackenzie’s Dan Shreve,...