In 2018, the size of energy storage projects in the United States doubled to 32.9 GW

According to the latest U.
S.
Energy Storage Monitor released this week, U.
S.
energy storage projects doubled to 32.
9 gigawatts (GW)
in 2018.

Wood Mackenzie Power & Renewables and the Energy Storage Association (ESA) released the U.
S.
Energy Storage Monitor report last Thursday, showing that U.
S.
energy storage deployments increased 44%
year-on-year in the third quarter.
Specifically, the United States deployed a total of 61.
3 megawatts (MW) in the third quarter, up 198%
year-over-year.

ESA CEO Kelly Speakes-Backman said just over a year has passed since the European Aviation Safety Agency announced on behalf of our members the industry's vision to deploy 35GW of new energy storage by 2025
.
However, our progress has been pleasantly surprised
.
The development of energy storage projects in the U.
S.
is a testament to the industry's commitment to our collective vision, which is expected to bring more than 167,000 new jobs, further reduce emissions, and $4 billion in cumulative operating cost savings
.
”

Finn-Foley, senior energy storage analyst at Wood Mackenzie, said, "Developers across the national market are seeing the raw economic potential that energy storage can provide, and they are trying to carve out key areas before the FERC Order 841 requires changes to take effect
.
" ”

As it stands, California remains the leading U.
S.
market for energy storage, across all sectors, including residential, non-residential, and front-end
.
Hawaii ranked third in residential and second in non-residential, while New York ranked third in non-residential and second
on the front end.

By the end of 2018, Wood Mackenzie expects to deploy 338 MW of energy storage in 2018 and will continue to increase until
it eventually reaches an annual deployment of 3.
8 GW by 2023.
U.
S.
energy storage market revenue is expected to reach $4.
5 billion in 2023, double in value between 2018 and 2019, and refurbish
again in 2019 and 2020.