US Energy Storage Capacity to Triple in 2015

Over triple the amount of energy storage capacity — 220 megawatts worth — is expected to come on-line this year.

Source: www.triplepundit.com

>” […] 2015 looks set to be a milestone year for advanced energy storage solutions. Some 220 megawatts worth of energy storage capacity will be deployed across the nation in 2015 – more than three times the 2014 total, according to an inaugural market research report from GTM Research and the Energy Storage Association (ESA). The organizations see growth continuing “at a rapid clip thereafter.”

The number of grid-connected electrochemical and electromechanical storage installations that came on-line in 2014 totaled 61.9 megawatts of power capacity, the organizations found, up 40 percent from 44.2 MW in 2013. One leading distributed energy storage pioneer delivered over a third of the total.  […]

Utility deployments dominated the fast emerging U.S. market for advanced energy storage systems in 2014, accounting for 90 percent of newly-installed capacity. So-called “behind the meter” installations at utility customer sites – commercial and industrial companies, government facilities, schools, hospitals and municipalities – made up 10 percent of the 2014 total.

But installations of “behind the meter” energy storage systems picked up sharply in the fourth quarter of 2014, GTM and ESA note. Going forward, GTM expects behind-the-meter installations will account for 45 percent of the overall market by 2019.

Advanced energy storage system deployments are also concentrated in states that have and/or are in the process of instituting market regulatory reforms and supportive policies, including mandates and incentive programs. GTM and ESA singled out California and states where PJM is responsible for grid operations and management – all or part of 13 states across the eastern U.S. and the District of Columbia – as early leaders.

“The U.S. energy storage market is nascent, but we expect it to pick up more speed this year,” GTM Research SVP Shayle Kann was quoted in a Greentech Media news report. “Attractive economics already exist across a broad array of applications, and system costs are in rapid decline. We expect some fits and starts but significant overall growth for the market in 2015.”

[…]”<

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2 thoughts on “US Energy Storage Capacity to Triple in 2015

  1. Pingback: US Energy Storage Capacity to Triple in 2015 | WORLD ORGANIC NEWS

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