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The U.
S.
deployed a total of 148.
8 megawatts (MW) of energy storage in the first quarter of 2019, breaking the previous record in the fourth quarter with a 6% increase and a 232%
increase over the same period last year.
In addition, according to the latest U.
S.
Energy Storage Monitor report released this week by Wood Mackenzie Power & Renewables and the Energy Storage Association (ESA), the first quarter of the U.
S.
nonresidential storage market was the strongest growth quarter
on record.
Overall, storage volume in the first quarter was 271.
1 MWh, up 110%
compared to the same period last year.
"These numbers suggest that 2019 will be a landmark year for the development of energy storage in the United States," said Kelly Speakes-Backman, CEO of ESA, "and it is clear that states have passed legislation and established regulatory frameworks to encourage energy storage deployment, thereby unlocking storage potential
.
" ”
California once again led the U.
S.
energy storage market in the first quarter of 2019, with strong quarterly growth in Arizona, New Jersey and New York
.
California leads in both residential and non-residential sectors, while New Jersey leads the residential sector
.
"Based on this quarter's activity, we will be closely monitoring New York State," said
Brett Simon, senior energy storage analyst at Wood Mackenzie Power & Renewables.
In megawatt-scale deployments, backup energy storage deployments accounted for 46 percent of all first-quarter deployments, up 36 percent from the previous quarter and up 138 percent
year-over-year.
However, after completing a series of front-end projects at the end of 2018, the market fell by 23%
in the fourth quarter of 2018 based on MWh deployments.
Wood Mackenzie and ESA expect annual deployments of U.
S.
energy storage to reach more than 4.
3 gigawatts (GW) of utility purchases
by 2024.
In 2019, the amount of energy storage deployed is expected to double from the previous year, and with several large front-end projects coming online, it will achieve 300% growth
in 2020.
The U.
S.
deployed a total of 148.
8 megawatts (MW) of energy storage in the first quarter of 2019, breaking the previous record in the fourth quarter with a 6% increase and a 232%
increase over the same period last year.
In addition, according to the latest U.
S.
Energy Storage Monitor report released this week by Wood Mackenzie Power & Renewables and the Energy Storage Association (ESA), the first quarter of the U.
S.
nonresidential storage market was the strongest growth quarter
on record.
Overall, storage volume in the first quarter was 271.
1 MWh, up 110%
compared to the same period last year.
"These numbers suggest that 2019 will be a landmark year for the development of energy storage in the United States," said Kelly Speakes-Backman, CEO of ESA, "and it is clear that states have passed legislation and established regulatory frameworks to encourage energy storage deployment, thereby unlocking storage potential
.
" ”
California once again led the U.
S.
energy storage market in the first quarter of 2019, with strong quarterly growth in Arizona, New Jersey and New York
.
California leads in both residential and non-residential sectors, while New Jersey leads the residential sector
.
"Based on this quarter's activity, we will be closely monitoring New York State," said
Brett Simon, senior energy storage analyst at Wood Mackenzie Power & Renewables.
In megawatt-scale deployments, backup energy storage deployments accounted for 46 percent of all first-quarter deployments, up 36 percent from the previous quarter and up 138 percent
year-over-year.
However, after completing a series of front-end projects at the end of 2018, the market fell by 23%
in the fourth quarter of 2018 based on MWh deployments.
Wood Mackenzie and ESA expect annual deployments of U.
S.
energy storage to reach more than 4.
3 gigawatts (GW) of utility purchases
by 2024.
In 2019, the amount of energy storage deployed is expected to double from the previous year, and with several large front-end projects coming online, it will achieve 300% growth
in 2020.
