January 16, 2020
US Battery Storage Prospects Lifted by Policy Progress, Cost Reduction
Battery storage deployment in the US is set for a rapid acceleration from 2020. That is one of the key takeaways from the latest S&P Global Platts Analytics’ US Power Storage Outlook, released to clients on December 18. In addition, while megawatt deployments in 2019 were at 2018 levels, the storage duration of battery storage assets increased in the past years, pointing to new usages. State policies and peaking capacity needs will remain the major drivers of near to medium-term battery deployments. Platts Analytics expects more than 13 GW of utility-scale battery storage to be commissioned by 2024 in the US.