2017 was one of the most exciting years yet for energy storage, as several markets saw formative policy developments, interesting business models materialize and a rush of corporate merger and acquisition activity. A total of 1.4 gigawatts and 2.3 gigawatt-hours of energy storage was deployed globally in 2017, with Australia taking the pole position in terms of power capacity at 246 MW, while the U.S. market led the world in terms of energy capacity at 431 MWh.
Annual Energy Storage Deployments by Market, 2017 (MW and MWh)
This report provides an overview of changes in the global energy storage markets in 2017, as well as expectations and outlooks for 2018 through 2022.
The full report is available to subscribers of GTM Research’s Energy Storage Service which now includes global project tracking, forecasts by country by segment, and annual access to storage market reports. In addition, you’ll have the ability to interface with our Energy Storage Analysts and get a pass to GTM’s Energy Storage Summit.