March 5, 2019 Read More →

U.S. energy storage deployments set new records in 2018

Greentech Media:

The U.S. energy storage industry delivered record deployments in 2018, driven by a strong fourth quarter for utility-scale projects.

But the new achievement for the young industry pales compared to what is to come: an expected doubling in 2019, followed by a tripling in 2020. Such growth will propel energy storage out of pilot-scale projects and into grid planning conversations around the country.

Battery installations for 2018 totaled 311 megawatts and 777 megawatt-hours, according to the new Energy Storage Monitor released by energy research firm Wood Mackenzie, with data from Q4 and 2018 as a whole.

The fact that this record happened in the course of business as usual, rather than a special circumstance like Aliso Canyon, signals that the industry is diversifying and maturing, said Daniel Finn-Foley, senior storage analyst at WoodMac and an author of the report. “This isn’t a fluke quarter, this is the natural evolution we’ve been looking at the market developing towards, and now it’s finally happening,” Finn-Foley said in an interview.

Though California and the PJM market still dominate cumulative installed storage capacity, the quarter’s new builds revealed a growing geographical scope of activity. Large-scale projects with a variety of business models came online in Hawaii, California, Texas, Minnesota, and Colorado, Finn-Foley noted.

More: U.S. energy storage broke records in 2018, but the best is yet to come

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