Research firm Wood Mackenzie published findings in a March 6 news item that the U.S. energy storage market nearly doubled in 2018 and is expected to double again in 2019.
According to Wood Mackenzie Power & Renewables and the Energy Storage Association’s (ESA) freshly released U.S. Energy Storage Monitor 2018 Year-in-Review, 777 megawatt-hours of grid-connected energy storage were deployed in the US in 2018, 80 percent more than were deployed in 2017.
2018 saw robust growth in both behind-the-meter (BTM) and front-of-the-meter (FTM) energy storage. The final quarter of 2018 broke the previous record for megawatt hours deployed in a single quarter by 50 percent, with large FTM projects in Hawaii and Texas making up a significant portion of the total. The U.S. residential storage market quadrupled in 2018 year-over-year.
The report notes that 311 megawatts of energy storage were deployed in the US in 2018, with FTM accounting for 47 percent in megawatt terms. California led the energy storage market in the US yet again. Texas, New York and Hawaii also saw significant activity. Wood Mackenzie and ESA consider every U.S. state to be an active or emerging storage market.