Development prospects of power storage projects

Grid operators are increasingly integrating advanced storage solutions to stabilize frequency, balance peak loads, and manage renewable intermittency. Each quarter, new industry data is compiled into this report to provide the most comprehensive, timely analysis of energy storage in the US. All forecasts are from Wood Mackenzie Power & Renewables; ACP does not predict future pricing, costs or deployments. Focuses on technologies and systems for storing energy, including batteries, thermal storage, and mechanical storage systems. By the end of this decade, the job of batteries and power electronics at large facilities will shift from break-glass insurance to weekly or almost daily operations. Swift Current Energy creates value as it advances a multi-gigawatt portfolio of energy projects in various stages of construction BOSTON, January 15, 2026 – Swift Current Energy today announced that it has sold Prospect Power, the largest battery storage project in Virginia and PJM, to Elevate. China dominates the marketplace with its large-scale lithium-ion battery production capacity, supported by massive investments in gigafactories, extensive integration in electric mobility, and significant deployment of grid-scale storage projects enhanced by smart technologies. This report comes to you at the turning of the tide for energy storage: after two years of rising prices and supply chain disruptions, the energy storage industry is starting to see price declines and much-anticipated supply growth, thanks in large part to tax credits available via the Inflation.