In the first quarter of 2019, the U.S. added more megawatts of energy storage than any single quarter in history. In megawatt-hour terms, the quarter was the second largest on record, according to a report by Wood Mackenzie Power & Renewables.
An increasing proportion of new FTM and BTM solar projects are being paired with storage, which is helping to drive the market forward. Although some supply constraints strained the storage market in 2018, ongoing resolution of those constraints are contributing to this year’s market uptick.
Front-of-the-meter and behind-the-meter storage will both play a significant role in driving the market through 2024, but a surge in utility procurements for the 2020-2024 time frame means that FTM will likely drive the majority of market growth during that window.
To read the report, click here.
