U.S. Energy Storage Market Deploys 18.3 MW in 1Q 2016

Grand Ridge Energy Storage Project

A new report says the U.S. deployed 18.3-MW of energy storage in first quarter of 2016, up 127 percent year-over-year but down 84 percent from 2015’s record-setting 4Q.

GTM Research and the Energy Storage Association’s latest “U.S. Energy Storage Monitor” says residential energy storage was a standout segment overall growing both quarterly and annually – and more than 8.9 MW were deployed in behind-the-meter applications. The residential segment is also the most geographically diverse. In 1Q 2016, the report’s “other markets” segment dominated with storage deployments being tracked in Kentucky, Nevada, Utah, Vermont and 19 other states.

“After the rush to build and commission systems in PJM to meet the interim cap in second half of 2015, this year is likely to see a move toward California as the leading market even for utility-scale segment,” said Ravi Manghani, GTM Research’s Director of energy storage and lead author of the report. “This transition will undoubtedly be hastened by gas storage in Southern California caused by Aliso Canyon gas leakage, and resulting energy storage procurement.”

GTM Research has extended its forecast out to 2021, a year in which the firm expects that the U.S. energy storage market will exceed the 2 GW mark.

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