The U.S. energy storage market set a growth record in Q1 of this year, deploying 148.8 MW, a 232% increase from Q1 2018, and a 6% jump from Q4 2018, according to the latest Wood Mackenzie U.S. Energy Storage Monitor.

Behind-the-meter storage made up 46% of Q1 2019 deployments, representing a 138% growth from Q1 last year and a 36% increase from the fourth quarter of 2018. Meanwhile, front-of-the-meter deployments dropped 10% from last quarter, but still quintupled their growth from Q1 last year.

California led in residential and non-residential storage market growth, but New Jersey, Arizona and Massachusetts dominated front-of-the-meter capacity. Deployments are expected to surpass 4.5 GW by 2024, largely driven by utility procurement and growing awareness of the technology’s benefits to the grid, according to WoodMac.

Editorial Team
The Editorial Team comprises a diverse and talented team of writers, researchers and subject matter experts equipped with data and insights to deliver useful news updates. We are experts with the mission to inform, educate and inspire the industry. We are passionately curious, enthusiastic, and motivated to positively impact the world. Send us a tip via hello @ pvbuzz [dot] com.

Starbucks signs wind and solar purchase agreements in first-of-its-kind corporate deal

Previous article

A Facebook First: tech giant invests directly in a renewable project

Next article

Comments

Comments are closed.