The US Energy Storage Industry to Invest $100 Billion in American Grid Batteries by 2030

Billions of Dollars for Battery Manufacturing and Procurement

The US energy storage industry is to invest $100 billion in American grid batteries by 2030, according to a historic commitment made by the industry. This investment includes both capital for building new battery manufacturing facilities and procurement of American-made batteries for US energy storage projects. The industry aims to advance American battery manufacturing leadership, enhance US energy security, provide energy affordability and reliability, and drive international competitiveness. The investment represents a clear pathway to supplying 100% of US energy storage projects with American-made batteries by 2030. A pro-business environment, supported by stable tax and trade policy and streamlined permitting, is essential to the industry fulfilling this commitment.

Driving Investment in American Battery Manufacturing Facilities

Since FERC Order 841 was issued in 2018, energy storage deployment has grown 25x. The ongoing growth in energy storage deployment is driving investment in American battery manufacturing facilities. The energy storage industry is making significant progress in laying the groundwork for a domestic battery energy storage supply chain, building or expanding more than 25 manufacturing facilities for grid-scale energy storage.

Form Energy is ramping up manufacturing at Form Factory 1 in Weirton, West Virginia, advancing its mission to strengthen the US electric grid with domestically produced, multi-day energy storage.
Fluence is delivering domestic energy storage products starting this year, with investments in American battery cell, module, enclosure, thermal management, and controls manufacturing.
LG Energy Solution is expanding its US energy storage manufacturing, with the first factory lines expected to begin production in 2025 in Holland, Michigan, and additional capacity planned for 2026.

The Role of Battery Storage in Unleashing American Energy Dominance

Energy storage is providing a ready-to-deploy solution to the challenges faced by communities across the country. The challenges include skyrocketing energy demand, aging grid infrastructure, and concerns over reliability. Energy storage optimizes all existing power generation, lowering energy bills and hardening the grid against extreme weather events like blizzards and heat waves. As the economy grows, energy storage provides important peaking capacity, freeing up more gas generation to serve as base load and enabling more energy production. Energy storage has also been critical for supporting American industrial and technological might, from metals manufacturing in West Virginia to new data centers and AI infrastructure in Texas and Arizona.

32 States Have Energy Storage Projects Under Construction

As of now, 31 states have energy storage projects under construction. The need for energy storage resources continues to be strong across the country. The energy storage industry is committed to supporting this demand and is working towards fulfilling its commitment to investing $100 billion in American-made grid batteries by 2030.

State	Energy Storage Projects
West Virginia	Metals manufacturing in Weirton
Texas	New data centers and AI infrastructure
Azizona	Supporting American industrial and technological might

Industry Leaders Weigh In

Industry leaders are weighing in on the importance of this investment and its potential impact on the US energy landscape.

“The energy storage industry is providing essential power when needed most while boosting domestic manufacturing and creating jobs across the country,” said Jason Grumet, CEO of ACP. “This investment in American manufacturing not only supports the creation of high-quality jobs in West Virginia but also ensures that the US remains a leader in energy innovation. As the energy storage industry commits to investing $100 billion in American-made grid batteries by 2030, Form Energy is excited to play a key role in building a more reliable, resilient, and secure energy future for our country,” said Mateo Jaramillo, Co-founder & CEO of Form Energy. “Fluence investments in American battery cell, module, enclosure, thermal management, and controls manufacturing are delivering domestic energy storage products starting this year and will help power U.S. economic growth for decades to come,” said John Zahurancik, Fluence President, Americas. “LG Energy Solution is fully committed to expanding US energy storage manufacturing, with our fist factory lines expected to begin production in 2025 in Holland, Michigan, where we will adapt existing lines to provide 16.5GWh of ESS batteries, with an additional11GWh of capacity planned for the beginning of 2026,” said Jaehong Park, CEO, LG Energy Solution Vertech. “We have expanded our investment in US manufacturing to meet rising demand; we have currently committed $1.4 billion to our production plan in Holland, Michigan, with additional investments and capacity expansion to come,” said John Zahurancik, Fluence President, Americas.

A Pro-Business Environment is Key

A pro-business environment, supported by stable tax and trade policy and streamlined permitting, is essential to the industry fulfilling its commitment to investing $100 billion in American-made grid batteries by 2030. This investment will create a pathway to supplying 100% of US energy storage projects with American-made batteries, providing energy affordability and reliability, and driving international competitiveness.

Conclusion

The US energy storage industry’s investment of $100 billion in American grid batteries by 2030 marks a significant milestone in the country’s energy landscape. The investment will advance American battery manufacturing leadership, enhance US energy security, provide energy affordability and reliability, and drive international competitiveness. As the industry continues to grow, it is clear that a pro-business environment, supported by stable tax and trade policy and streamlined permitting, is essential to its success.