Energy Storage in the News

March 04, 2021

Storage deployments shatter records — again — in Q4 2020

More than 2,100 MWh of energy storage systems came online in the U.S. in the fourth quarter of 2020, marking a 182% increase over the previous quarter and setting a new record for the industry, according to a report from Wood Mackenzie and the U.S. Energy Storage Association (ESA).

In total, 1,464 MW/3,487 MWh of new storage came online in the country last year — 179% more than 2019 in MW terms — and the report estimates that the storage market will deploy five times more MW in 2025, with front-of-the-meter systems continuing to comprise a bulk of that growth.

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Energy Storage in the News

March 04, 2021

Texas blackouts and the role energy storage can play in a more resilient future

“Diversification is the main principle in managing risk, and storage is the ultimate diversifier. You can put battery storage at any level of the grid—customer, distribution, transmission, or generation sited—and you can use different technologies at different levels as well—thermal storage in buildings, flow batteries in distribution, pumped hydro on transmission, and liquid air storage with generation. Additionally, EVs are energy storage on wheels and can become an enormous source of resilience for homes,” Jason Burwen, Interim CEO of the national Energy Storage Association says.

 

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Energy Storage in the News

March 04, 2021

Texas blackouts and the role energy storage can play in a more resilient future

“Diversification is the main principle in managing risk, and storage is the ultimate diversifier. You can put battery storage at any level of the grid—customer, distribution, transmission, or generation sited—and you can use different technologies at different levels as well—thermal storage in buildings, flow batteries in distribution, pumped hydro on transmission, and liquid air storage with generation. Additionally, EVs are energy storage on wheels and can become an enormous source of resilience for homes,” Jason Burwen, Interim CEO of the national Energy Storage Association says.

 

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Energy Storage in the News

March 04, 2021

US energy storage market shatters quarterly deployment record

According to Wood Mackenzie and the U.S. Energy Storage Association’s (ESA) latest ‘US Energy Storage Monitor’ report, 2,156 megawatt-hours (MWh) of new energy storage systems were brought online in Q4 2020. This is an increase of 182% from Q3 2020, making Q4 the new record quarter for U.S. storage. 

As prices fall and barriers to storage deployment are eroded, front-of-the-meter (FTM) storage is taking off in the U.S. Four out of every five megawatts (MW) deployed in Q4 were FTM storage. The segment contributed 529 MW out of the total 651 MW of storage deployed in Q4. California saw the lion’s share of Q4 FTM deployments, according to the report.

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Energy Storage in the News

March 04, 2021

US energy storage market shatters quarterly deployment record

According to Wood Mackenzie and the U.S. Energy Storage Association’s (ESA) latest ‘US Energy Storage Monitor’ report, 2,156 megawatt-hours (MWh) of new energy storage systems were brought online in Q4 2020. This is an increase of 182% from Q3 2020, making Q4 the new record quarter for U.S. storage. 

As prices fall and barriers to storage deployment are eroded, front-of-the-meter (FTM) storage is taking off in the U.S. Four out of every five megawatts (MW) deployed in Q4 were FTM storage. The segment contributed 529 MW out of the total 651 MW of storage deployed in Q4. California saw the lion’s share of Q4 FTM deployments, according to the report.

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Energy Storage in the News

March 04, 2021

ENERGY TRANSITIONS: 'It's gigantic': Battery storage grows exponentially

The energy storage industry is shattering records for battery deployments, underscoring its growing role in decarbonizing the economy.

In the last three months of 2020, nearly 2.2 gigawatt-hours (GWh) of energy storage systems were put into operation, according to the energy data firm Wood Mackenzie. That’s an increase of 182% from the previous record-setting quarter.

The blockbuster fourth quarter capped a year that saw a total of 3.5 GWh installed — more than the 3.1 GWh that went into operation in the previous six years combined. That torrid growth could make the industry’s 2030 deployment goal appear newly modest.

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Energy Storage in the News

March 04, 2021

ENERGY TRANSITIONS: 'It's gigantic': Battery storage grows exponentially

The energy storage industry is shattering records for battery deployments, underscoring its growing role in decarbonizing the economy.

In the last three months of 2020, nearly 2.2 gigawatt-hours (GWh) of energy storage systems were put into operation, according to the energy data firm Wood Mackenzie. That’s an increase of 182% from the previous record-setting quarter.

The blockbuster fourth quarter capped a year that saw a total of 3.5 GWh installed — more than the 3.1 GWh that went into operation in the previous six years combined. That torrid growth could make the industry’s 2030 deployment goal appear newly modest.

Read More

Energy Storage in the News

March 04, 2021

Xcel backs $1.7b transmission plan to deliver solar and wind

Xcel’s plan calls for adding around 5,600 MW of new renewable and energy storage capacity. The mix includes 1,600 MW of large-scale solar projects, 400 MW of battery storage, and 2,300 MW of wind power. Another 1,300 MW of distributed solar, such as community solar gardens, would also be added.

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Energy Storage in the News

March 04, 2021

Xcel backs $1.7b transmission plan to deliver solar and wind

Xcel’s plan calls for adding around 5,600 MW of new renewable and energy storage capacity. The mix includes 1,600 MW of large-scale solar projects, 400 MW of battery storage, and 2,300 MW of wind power. Another 1,300 MW of distributed solar, such as community solar gardens, would also be added.

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Energy Storage in the News

March 04, 2021

'Best Is Yet to Come' for Energy Storage Technology

Advancements in batteries, along with an improved regulatory environment and more investment, could make this decade the Roaring ’20s for energy storage. 

Industry analysts have told POWER that energy storage, be it from batteries, thermal systems, mechanical storage, hydrogen production, or pumped hydropower, is critical to the advancement of the power sector. The need for storage is considered paramount to the electrification of transportation and other businesses, and to continued growth in renewable energy.

Kelly Speakes-Backman, former CEO of the Energy Storage Association who was recently named to a top post at the U.S. Dept. of Energy, told the audience at POWER’s Distributed Energy Conference last year that additions of battery storage doubled in 2020, and probably would have tripled if not for construction slowdowns caused by the COVID-19 pandemic.

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