In the first quarter, U.S. energy storage capacity experienced a growth of 0.78 GW/2.145 GWh, indicating a year-on-year reduction of 11.3% and 22%, as well as a quarter-on-quarter reduction of 27% and 29%. The front-of-the-meter market remains the primary driver of energy storage installations in the U.S., accounting for 70.5% and 72.3% of the market […]
U.S. Energy Storage Capacity Set To Double This Year
U.S. grid-connected energy storage capacity this year is set for a twofold increase to 712 MW from 376 MW last year. What’s more, between 2019 and 2024, storage capacity will soar to almost 5 GW, of which 90 percent will be battery storage, IHS Markit said in a new report. This will make the United […]
