U.S. energy storage market more than triples in 2015

04. March 2016 | Energy storage, Markets & Trends, Storage & Smart Grids, Top News | By:  Christian Roselund

GTM Research reports that large energy storage projects made up the bulk of new capacity, but the distributed energy storage market is growing even faster. Lithium-ion batteries dominated deployments during the year.

Utility-scale energy storage remains the largest market, but distributed storage is growing even more quickly.

The U.S. Energy storage market had a breakout year in 2015, as documented in the latest annual edition of GTM Research and the Energy Storage Association’s (ESA) Energy Storage Monitor. The market grew 243% by capacity with 221 MW installed over the course of 2015, and the fourth quarter was particularly intense, with 112 MW installed - more than in all of 2013 and 2014.

As in previous years, utility-scale battery projects in the PJM Interconnection market made up the large majority of new storage. Including all technologies, PJM interconnect installed 160 MW of storage in 2015.

However, the most rapid growth is in the nation’s distributed storage market, where installations grew more than 400% to 35 MW deployed in 2015. Hawaii dominated a residential market which GTM Research describes as “geographically diverse”, and California led the non-residential segment.

This are meager levels compared to what is expected over the next four years. GTM Research projects that the energy storage market will grow eight-fold by 2020 to 1.7 GW annually, and for investments to increase more than five-fold to US$2.5 billion.

And while Energy Storage Monitor is described as an energy storage report, it might as well be called a battery report, given that batteries comprise the overwhelming majority of capacity tracked. Increasingly it is also one battery chemistry, as lithium-ion batteries comprised 96% of all 2015 energy storage installations by capacity.

Energy storage is a policy-enabled market, and a primary factor in the dominance of the PJM Interconnection market is rules that enable utilities to value frequency regulation and other services offered by energy storage.

As such, a main focus of the report is new policy. GTM Research and ESA found significant policy developments during 2015 in more than a dozen states, as well as developments at the federal level, in the Midcontinent Independent System Operator (MISO) grid, and in Guam.

California continues to be a leader in terms of state policies, with multiple policy tacks at the California Public Utilities Commission, the California Energy Commission and the California Independent System Operator. Notably, California utilities are beginning to procure storage as required under AB 2514.

To leave a comment you must first sign in or register your details

Displaying results 1 to 5 out of 8

pranav singh from Gurugram | http://www.whoneedsaniphone.com/happy-mothers-day-quotes-images-whatsapp-status-wishes-2016/

Saturday, 30.04.2016 17:27

Thanks for the ultimate checkout..really liked it a lot.

pranav singh from Gurugram | http://www.whoneedsaniphone.com/happy-mothers-day-quotes-images-whatsapp-status-wishes-2016/

Saturday, 30.04.2016 17:17

Thanks for the ultimate checkout..really liked it a lot.

bgm duniyain from Ahmadabad | http://www.iphone7sreleasedate.com/

Friday, 29.04.2016 05:22

This post is very simple to read and appreciate without leaving any details out. Great work!

adrian munro

Thursday, 28.04.2016 14:17

At that point amusements to play might be isolated into another gathering
play here

Tom Smith from NY | http://mortalkombatxonline.com

Wednesday, 13.04.2016 10:47

I am very sympathetic to your viewpoint. It is very deep and meaningful. I think you should write many more articles to the reader to understand. I would recommend it to everyone.

1 2 Next

Daily newsletter

Keep your finger firmly on the photovoltaic pulse: sign up for our daily newsletter

Magazine subscription

Choose between a digital and print subscription from pv magazine's online shop. A non-subscriber? Check out our sample articles.

Press releases

Want to publish your press releases for free? Simply log in or register, enter the information you want to appear and we'll publish it for you!