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.
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.