Resources: Energy Storage Monitor

  • U.S. Energy Storage Monitor

    Posted: March 5, 2015 - 10:00 / Energy Storage Monitor / Reports

    The U.S. is on the cusp of a breakout year for energy storage, according to the inaugural U.S. Energy Storage Monitor report from GTM Research and the Energy Storage Association (ESA). The U.S. is forecasted to deploy 220 megawatts in 2015, more than three times its 2014 total, and growth should continue at a rapid clip thereafter. Over the course of the past year, 180 grid-connected electrochemical and electromechanical storage installations came online, representing 61.9 megawatts of power capacity. That's up 40 percent from the 44.2 megawatts completed in 2013, according to the report. It is the first in a series of quarterly reports that the newly-minted GTM Research and ESA collaboration will publish on the accelerating U.S. energy storage market. The research covers deployments, markets, policies, financing, pricing and installation forecasts.