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Wood Mackenzie Power & Renewables (formerly GTM Research) released its latest U.
S.
Energy Storage Monitoring Report this week in partnership with the Energy Storage Association, revealing that the scale of energy storage deployed reached 156.
5 MWh in the second quarter of 2018, up 24% sequentially and up to 200%
year-over-year.
The significant increase in energy storage deployment in the residential sector is the main reason
.
According to preliminary statistics, in the second quarter of this year, residential energy storage increased by as much as 10 times
year-on-year.
Overall, residential deployments were concentrated in California and Hawaii, which together accounted for 70 percent
of the quarter.
Simon, senior analyst at Wood Mackenzie Power & Renewables, noted that there is no sign that the two states will give up their lead in the residential market
.
In terms of installation scale, the installed capacity of energy storage in the second quarter was 61.
8 MW, compared to 43.
6 MW in the first quarter of 2018, an increase of 60%
sequentially.
Looking ahead, Wood Mackenzie and the Energy Storage Association predict that energy storage deployments across the U.
S.
are expected to accelerate significantly over the next few years, growing from 393 megawatts in 2017 to nearly 1 gigawatt (GW) in 2019, with its energy storage expected to approach 4 GW
by 2023.
Wood Mackenzie Power & Renewables (formerly GTM Research) released its latest U.
S.
Energy Storage Monitoring Report this week in partnership with the Energy Storage Association, revealing that the scale of energy storage deployed reached 156.
5 MWh in the second quarter of 2018, up 24% sequentially and up to 200%
year-over-year.
The significant increase in energy storage deployment in the residential sector is the main reason
.
According to preliminary statistics, in the second quarter of this year, residential energy storage increased by as much as 10 times
year-on-year.
Overall, residential deployments were concentrated in California and Hawaii, which together accounted for 70 percent
of the quarter.
Simon, senior analyst at Wood Mackenzie Power & Renewables, noted that there is no sign that the two states will give up their lead in the residential market
.
In terms of installation scale, the installed capacity of energy storage in the second quarter was 61.
8 MW, compared to 43.
6 MW in the first quarter of 2018, an increase of 60%
sequentially.
Looking ahead, Wood Mackenzie and the Energy Storage Association predict that energy storage deployments across the U.
S.
are expected to accelerate significantly over the next few years, growing from 393 megawatts in 2017 to nearly 1 gigawatt (GW) in 2019, with its energy storage expected to approach 4 GW
by 2023.