Global battery storage pipeline reaches 15 GW
As data drifts in, 2018 is shaping up to have been a record-breaking year for battery energy storage, writes IHS Markit senior analyst Julian Jansen. Especially for front-of-the-meter projects, which experienced rapid growth. This growth was led by significant activity in South Korea, the United Kingdom, the United States, Australia, and China, which together accounted for 78% of battery energy storage projects commissioned in 2018, according to the Q4 2018 edition of the IHS Markit “Energy Storage Company and Project Database.”
The overall stationary battery energy storage market has had a strong year of development, illustrated by 83% more completed projects than in 2017. Project delays in 2017 meant more than 850 MW was completed in Q1 2018 – a strong start to the year. Project activity slowed in the second quarter, before rebounding in the …
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