Where is the U.S. energy storage market going?
Storage deployments could triple this year and open big new markets
The 40% growth in yearly additions to U.S. energy storage capacity from 2013 to 2014 was big news but growth for 2015 is expected to more than triple to 220 MW.
The numbers explain why over half the utility executives queried in Utility Dive’s recently released State of the Electric Utility 2015 survey picked energy storage as the most important emerging technology.
“When an industry grows 40% in a year and is forecast to grow another 300% the next,” said GTM Research energy storage analyst Ravi Manghani, “the opportunities will not be limited to just one segment or one technology. They will be in the entire value chain and each step in it.”