White House’s ‘first executive push for energy storage’ could raise US$1 billion investment

Facebook
Twitter
LinkedIn
Reddit
Email

The White House announcement of new developments and investment in energy storage has been characterised as “the first executive office push for energy storage” that will “undoubtedly galvanize” the industry, in a new GTM Research brief by the firm's energy storage director Ravi Manghani.

As part of the initiatives propounded by the Obama administration, investors are announcing US$130 million in new funding commitments for energy storage. According to the report, in aggregate, these new commitments could lead to around US$1 billion in investments in energy storage.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

Not ready to commit yet?
  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Apart from significant financing announcements, other key takeaways from the federal government announcement are its commitment to increasing its storage and microgrid capacity through programmes that will both provide funding for rural microgrids and enable federal and military bases to be more resilient. Furthermore, the US Department of Energy is promoting the standardisation of energy data which will be more economical for the industry and individual stakeholders, as well as creating an accessible pool of information that will ensure efficiency and consistency across the industry.

In addition, sixteen developers and power companies in at least eight states have announced new storage procurement and deployment targets for the next five years on the back of the announcement, to aid in the push for what is known as the second wave of energy storage; in 2015, the US doubled its installed capacity of energy storage to 500MW.

Visit Energy-Storage.News for the full version of this story.

Read Next

September 2, 2025
Spanish construction firm GES (Global Energy Services) has secured a contract to build a roughly 700MW solar-wind-storage hybrid project in Chile.
August 28, 2025
Latin America has the potential to unlock billions in clean energy investment if it aligns national policies with global sustainability goals and investor expectations.
August 28, 2025
Venture capital firm Pacific Channel has launched Fund V, which targets 10GW of solar, wind, and energy storage in New Zealand.
August 28, 2025
Developer Pacific Energy has successfully commissioned a 26MW solar-plus-storage site at the Atlas-Campaspe mine in NSW, Australia.
August 27, 2025
The governor of New Jersey, Phil Murphy, has signed a new legislation that seeks to build 3GW of new community solar by 2029.
August 22, 2025
AEMO has predicted the NEM will see a steady rise in renewable energy generation capacity, reaching 229TWh by 2035.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines