June 5 (Renewables Now) - Quarterly energy storage installations in the US reached a new record of 148.8 MW in the first three months of 2019, according to Wood Mackenzie Power & Renewables and the Energy Storage Association (ESA).
This is a jump of 232% quarter-on-quarter.
The authors of the Energy Storage Monitor report explain that the first quarter is usually quiet when it comes to storage activity. Battery supply constraint in the second half of 2018, however, resulted in project postponements into 2019 and a very busy first quarter. The geographical diversification of the US storage market also helped.
When measured in MWh, storage capacity additions were actually down by 23% from the previous quarter as more shorter-duration projects came online. Wood Mackenzie explains that the industry witnessed “an unusual preponderance of systems geared for fast-response grid services”.
The behind-the-meter segment accounted for almost half of all MW reported in the first quarter, and for 60% of the MWh capacity.
Wood Mackenzie and ESA say 2019 battery storage installations would more than double year-on-year. A trebling of 2019 deployments is then expected in 2020. Their five-year forecast culminates in 4,543 MW delivered in 2024.
The US storage market is seen to come near USD 1 billion (EUR 889m) in value this year and reach USD 4.84 billion in 2024.