How Fast is Energy Storage Growing?
It’s a bull market for energy storage, as evidenced by two separate reports issued last week by leading analytical firms.
A quarterly report by Wood Mackenzie Power & Renewables and the Energy Storage Association (ESA) found a doubling of US energy storage projects in the pipeline, bringing the number to 32.9 GW.
The report forecasts that the US energy storage market will reach $4.5 billion by 2023, after doubling between 2018 and 2019 and then again between 2019 and 2020.
Front-of-the-meter projects now dominate. But that changes around 2021, when over half the installations are behind the meter — the realm of microgrids, commercial projects and home battery storage.
Wood Mackenzie sees US energy storage deployments growing...Continue reading on Microgrid Knowledge.
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5yBehind the meter utility dispatched energy storage will be the future.
UX and Product Designer
5yRicardo Nava Garibay
Passionate advocate and consultant for sustainable waste to energy solutions.
5yAgain, no mention of biogas storage in this context. I'm not surprised, but it is frustrating. Anaerobic digestion and biogas are still not part of the energy mix for most people, even in the renewable energy field.
Founder and Managing Director @ RES + & SolarSwap
5yCatch up?