After record year, U.S. energy storage forecasted to break 1 GW capacity mark in 2019

03/09/16, 04:49 AM | Energy Storage, Other Renewables | research reports

Peter Maloney for UtilityDive: The U.S. energy storage market put in a strong showing in 2015 with its “best quarter and best year of all time,” according to the GTM/ESA report. And current market trends point toward continued strong growth.

The recent extension of the federal Investment Tax Credit, and new guidelines under consideration at the Internal Revenue Service are expected to further boost energy storage and the pairing of storage with renewable resources.

In the fourth quarter alone, the U.S. deployed 112 MW of storage capacity, representing more than the total of all storage deployments in 2013 and 2014 combined.

For the full year, 221 MW (161 MWh) of storage was installed. In 2014 65 MW (86 MWh) of storage was installed in the U.S. Cont'd...

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