US energy storage storm grows in strength

A Wood Mackenzie report shows U.S. energy storage deployments tripling in capacity during Q3 ’18 versus last year’s volume, while noting that the future pipeline growth rate doubled versus prior quarters to reach 33 GW of future projects.

The U.S. solar power pipeline is already popping, now the batteries needed to get us to 80% with wind+solar are starting to get down to the mad and exponential growth we’re told to expect.

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Per the US Energy Storage Monitor, from Wood Mackenzie Renewables & Power along with the Energy Storage Association (ESA), total energy storage deployed, in the U.S. expanded by 60% in terms of energy and 300% by capacity in the third quarter of 2018 versus the prior year. However, given a strong Q2 both energy and capacity were flat or declining in Q3 ’18 versus the previous quarter.

In total, 61.3 MW / 136.3 MWh of energy storage was installed during Q3 2018, in the U.S. California continued to achor the market, while Hawaii and New York had strong quarters. Behind the meter installations accounted for around 57-60% of capacity deployed.

Going out mostly until 2023, the report noted that the front of the meter pipeline expanded to approximately 33 GW of power. This pipeline more than doubled from just over 15 GW reported at the end of the second quarter.

This pipeline does not include behind the meter deployments, and as noted in this report these represented approximately 60% of the volume this quarter. Future growth is expected to heavily expand on the utility scale.

Read more: PV Magazine

By |2019-03-27T10:52:41+00:00December 13th, 2018|News, Renewable Energy, Reviews, Solar and Battery, Uncategorized|
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