December 17, 2020
In Boost for Renewables, Grid-Scale Battery Storage Is on the Rise
Nationwide, a record 1.2 gigawatts of storage have been installed so far this year, according to Wood MacKenzie, a natural resources research and consulting firm. That number is projected to jump dramatically over the next five years, rising to nearly 7.5 gigawatts in 2025. Kelly Speakes-Backman, CEO of the U.S. Energy Storage Association, says that battery storage additions doubled in 2020, and would likely have tripled had it not been for construction slowdowns caused by the Covid-19 pandemic.