Deployments for energy storage in the U.S. is expected to
grow from 62-MW in 2014 to 220-MW in 2015 – a 250 percent
increase- according to a report conducted by GTM Research
and Energy Storage Association (ESA).
“The
U.S. energy storage market is nascent but we expect it
to pick up more speed this year,” said Shayle Kann, senior
vice president of GTM Research. “Attractive economics
already exist across a broad array of applications, and
system costs are in rapid decline. We expect some fits and
starts but significantly overall growth for the market in
2015."
The U.S. Energy Storage Monitor report finds that PJM and
California are leaders in policy and regulatory issues
surrounding energy storage, as well as wholesale market
structure.
Over the past year, 180 grid-connected electro-chemical and
electro-mechanical storage installations came online,
representing nearly 62-MW, up 40 percent from the 44-MW
completed in 2013. Additionally, the report states that 70
percent of deployments in 2014, utilized
li-ion batteries.
By 2019, the U.S. energy storage market will reach 861-MW
annually and be valued at $1.5 billion, nearly 11 times its
size in 2014, a report analyst noted.
To read the report,
click here
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