The Boom In Battery Storage
U.S. energy storage market breaks record for megawatts deployed in a single quarter, growing 232% year-over-year
June 4, 2019 (Wood Mackenzie Power & Renewables and the Energy Storage Association)
“The United States non-residential storage market had its strongest quarter ever in Q1 2019…[and it] was also the second strongest quarter on record for the U.S. residential storage segment…Overall, Q1 2019 was the largest ever single quarter for U.S. energy storage deployments in megawatt terms, an increase of 232 percent year-over-year. The quarter was the second largest ever in megawatt-hour terms. The U.S. saw 148.8 megawatts of energy storage deployed in Q1 2019, breaking the previous megawatt record set in Q4 2018 by six percent…California once again led the U.S. storage market in Q1 2019, while Arizona, New Jersey and New York also posted strong growth.
State level regulatory activity, such as the Value of Distributed Energy Resources (VDER) proceeding in New York state and the Solar Massachusetts Renewable Target (SMART) Program in Massachusetts, continue to spur pipeline buildout in these states and position them for substantial growth in the next few years…Wood Mackenzie expects U.S. energy storage deployments in 2019 will be double those seen in 2018. Multiple [utility-scale] projects will come online in 2020, leading to a tripling of the market from 2019 to 2020…” click here for more