The US energy storage industry is experiencing rapid growth, with approximately 3.5 gigawatt hours (GWh) of energy storage installed in 2020, which is greater than the aggregate 3.1 GWh.
Published: 9 Jun 2021, 09:56
By:
Andy Colthorpe
AES Alamitos 100MW / 400MWh battery project in California officially went online on the first day of 2021. Image: AES Corporation.
Nearly 12,000MWh of energy storage could be installed in the US during 2021 and the market will continue growing significantly over the next few years, according to research and analysis group Wood Mackenzie Power & Renewables.
The forecast has been provided in Wood Mackenzie’s latest quarterly ‘US energy storage monitor’ report, which is published in partnership with the industry’s national Energy Storage Association (ESA). Along with that massive figure for this year Wood Mackenzie in March said that 2020 deployments were about 1,500MW / 3,500MWh the group is predicting that by 2026 the US will be a 33GWh annual market, worth around US$8.5 billion.
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