US energy storage installations skyrocket 240% in third quarter of 2020
The US battery energy storage market is set to soar from 1.2GW in 2020 to nearly 7.5GW in 2025, according to a report
Energy storage installations in the US surged by 240% in the third quarter of 2020.
That’s one of the findings of the latest report by Wood Mackenzie and the US Energy Storage Association (ESA), which suggests 476MW of storage were deployed across the US.
According to the quarterly analysis, major growth occurred in the front-of-the-meter (FTM) market segment, which accounted for almost 400MW and 578MWh, surpassing previous records of 133 MW and 296 MWh for this sector.