UNEP’s Climate Action Program reported March 8 that, according to data released by the US Energy Storage Association (ESA) and GTM Research, energy storage in the country is expected to triple over the coming year.
Between 2013 and 2017, according to data, a total of 1,080 cumulative megawatt-hours was installed in the US; and the past year grew by 27 percent with 431 MWh installed. The new forecast expects 1,233 MWh of grid-connected storage to be installed in this year alone.
Energy storage in the US has been helped by “falling costs and favorable policies” on the state level, according to Ravi Manghani at GTM Research. The major markets for the technology, such as California, Massachusetts and New York, have all created targets to grow the technology, and provided tax incentives to get there.