US tops 2 GWh of new energy storage in Q4 2020, best quarter so far
The US put online 2,156 MWh of energy storage capacity in the fourth quarter of 2020 — a jump of 182% from the previous quarter and a new record.
In megawatt terms, installations reached 651 MW, of which the front-of-the-meter (FTM) segment accounted for 529 MW thanks to falling costs and barriers, according to a new report by the US Energy Storage Association (ESA) and Wood Mackenzie.
For the full 2020, the US added 1,464 MW/3,487 MWh of energy storage. This is a 179% year-on-year increase in MW terms.
“The US installed 3,115 MWh of storage from 2013 through 2019, a total that 2020 beat in a single year. This is the hallmark of a market beginning to accelerate exponentially, and momentum will only increase over the coming years,” said Dan Finn-Foley, Wood Mackenzie Head of Energy Storage.
The US is seen to build five times more MW of energy storage capacity in 2025 than the 2020 total, with FTM storage still accounting for 75%-85% of new megawatts each year.
Source: renewablesnow
