Record Growth In Residential Energy Storage In Q2

Between April 1 and June 30, 2019, behind the meter residential energy storage in the US experienced its greatest increase in history — 35 megawatt-hours, according to a new US Energy Storage Monitor report from Wood Mackenzie Power & Renewables and the US Energy Storage Association.

That represents a 20% increase from the same quarter a year ago. In all, 75.9 megawatt-hours of front of the meter and behind the meter energy storage were deployed in the second quarter of 2019.

The increase reflects rising customer interest and supporting incentives in more state markets the report says. The previous megawatt record for residential energy storage was set in Q2 2018 when 26 megawatt-hours were deployed.

Utility scale front of the meter energy storage grew by 66% in Q2, driven by continued large scale utility procurements and developer interest in independent system operator markets as shown by surging interconnection requests.

“The long-term growth trends of energy storage deployment nationwide are encouraging and consequential for stakeholders, and for all electricity users who want and deserve a more resilient, efficient, sustainable and affordable electricity grid,” says Kelly Speakes-Backman, CEO of the US Energy Storage Association.

“Federal lawmakers should take note that they can help to build upon this growth, and indeed result in a 16 percent upside for the U.S. storage market, by providing a long term policy direction for every region of the country by making energy storage an explicit, standalone criteria in the federal Investment Tax Credit .”

At the present time, that tax credit only applies to energy storage that is paired with solar power.

Read more: Clean Technica

By |2019-09-23T15:21:31+01:00September 28th, 2019|Battery Storage, Energy and Climate Change, News, Solar and Battery|
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