US deploys 168 MW of energy storage in Q2, rising q/q and y/y
September : The US has deployed 168 MW of energy storage capacity during the second quarter (Q2) of 2020, representing a substantial increase whether compared to the prior quarter (72%) or the same period of 2019 (117%).
According to Wood Mackenzie and the US Energy Storage Association’s (ESA) latest “US Energy Storage Monitor” report, April-June 2020 brought the second-highest quarterly total ever seen, with just the fourth quarter of 2019 registering more — 186.4 MW.
The US front-of-meter (FTM) market, in particular, experienced a more than fourfold growth in Q2 when compared to Q1, helped by one large project in California that came partially online during the period and accounted for more than two-thirds of this market’s total.
“The commercial and industrial (C&I) space was the only segment that showed a slowdown. This was primarily because of a decline in the C&I California market due to permitting and other delays. We expect the rest of the year to come in strong as growing interest in residential storage, emerging new markets for C&I and massive FTM systems are set to break quarterly records,” commented Dan Finn-Foley, Wood Mackenzie Head of Energy Storage.
The report includes a forecast that the US market will expand over sevenfold by 2025 compared to this year’s annual market, with the FTM segment still making up most of the market. The residential segment is seen continuing its upward trend and exceeding its 2020 numbers sixfold in 2025. At the same time, the non-residential segment is expected to be eight times bigger than in 2020.
Source : renewablesnow
