The US industry deployed 168MW / 288MWh of energy storage in the second quarter of this year, the second highest quarterly figures on record, according to Wood Mackenzie Power & Renewables.
The market research and analysis firm has just issued its latest quarterly US Energy Storage Monitor, produced in cooperation with the national Energy Storage Association industry group. The figures are up on Q1 2020’s 98MW / 208MWh of installations and are second only to the record-breaking final quarter of 2019, when 186.4MW / 364MWh of deployments were made.
Wood Mackenzie noted that one single grid-scale project in California made up two-thirds of the total deployments for the quarter: the state is leader in all three segments of the US market, from front-of-meter (62.5MWh in Q2), residential (66.1MWh) to non-residential including commercial and industrial behind-the-meter (32.1MWh).
Other states to lead the market segments included Hawaii (26.2MWh residential and 15MWh non-residential), Massachusetts (23.7MWh non-residential and 14MWh front-of-meter), Oklahoma (20MWh front-of-meter) and Arizona (3.5MWh residential).
Firm revises annual deployment forecast downward slightly
While Wood Mackenzie had earlier in the year issued a forecast for the annual market to total 7.2GW in size and US$7.2 billion in monetary terms by 2025 in the US, the latest Monitor predicts that US deployments will reach “nearly 7GW” annually by 2025, worth about US$6.9 billion.
Nonetheless the growth forecast is still a significant jump from the 1.2GW of expected installations in 2020, which the analysis firm pointed out still meant the market crossed the US$1 billion threshold despite the COVID-19 pandemic’s impacts.
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