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Battery storage enters the Gigawatt Age in US

U.S. energy storage is now a $1.4 billion market in a hyper-growth phase.

gigawattimage: Jacob Rosenberg

The U.S. energy storage industry just passed a milestone — deploying more than 1 gigawatt of energy storage in 2020. (The U.S. solar industry passed that mark in 2011.)

Jason Burwen, Interim CEO at U.S. Energy Storage Association (ESA), quoted the figure during a recent policy energy storage policy forum.

Data from ESA and oil, gas and renewables research firm Wood Mackenzie reveal that this is just the first year of hyper-growth for the increasingly relevant industry.

The $1-billion/1-gigawatt energy storage industry has arrived and utility-scale deployment is the key. Image: Wood Mackenzie

2020 is also the year that utility-scale storage leaves residential- and commercial-scale storage in the dust.

Driven by regulatory fiat and plunging lithium-ion battery prices, utility-scale energy storage is now a key piece of most utilities’ Integrated Resource Planning.

Official news is due out next month.

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1 Comment

  1. Regulatory fiat indeed. It will be interesting to see if 2021 delivers on the current forecasts. Bonkers about GTM closing up.

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