Record breaking quarter for US energy storage deployment

Record breaking quarter for US energy storage deployment

Record breaking quarter for US energy storage deployment 838 451 Energy Storage Journal

June 13, 2019: The US’s non-residential energy storage sector grew at its strongest rate since records began in the first three months of 2019. Its residential market reached its second strongest ever quarter, according to a report released on June 4 by Wood Mackenzie Power & Renewables and the Energy Storage Association.

The US Energy Storage Monitor report found the start of this year marked the largest single quarter growth for US energy storage deployment in terms of megawatts and the second largest in terms of megawatt-hours.

The US deployed 149MW of energy storage in three months, breaking the previous record set in Q4 2018 by 6%. In megawatt terms, behind-the-meter deployments made up 46% of all projects.

The report also found front-of-the-meter and BTM solar projects were increasingly being paired with storage.

Compared to 2018, Wood Mackenzie expects this year’s US energy storage market to double and then triple in 2020 as large front-of-the-meter projects come online.

ESA CEO, Kelly Speakes-Backman, said: “These first quarter numbers indicate that 2019 will be a banner year for energy storage in the United States.

“It’s become clear that states are already unlocking the potential of storage by passing legislation and creating regulatory frameworks to encourage energy storage deployment. The industry is responding by developing storage projects and creating jobs in their states.”

State level regulatory activity includes the Value of Distributed Energy Resources in New York state and the Solar Massachusetts Renewable Target program in Massachusetts.

See the latest edition of Energy Storage Journal for our cover story on the US States flying the flag for storage deployment.