December 7 (Renewables Now) - The US deployed 41.8 MW of energy storage in the third quarter of 2017, up 46% from a year earlier and 10% from the preceding quarter.
A 30-MW project in Texas accounted for a large part of installed capacity in the quarter, with smaller utility projects coming online in Florida, Tennessee and Massachusetts.
According to the quarterly report from GTM Research and the Energy Storage Association (ESA), the residential segment hit a new high, increasing installations by 202% year-over-year to 4.2 MW. Deployments were driven by California's Self-Generation Incentive Programme and Hawaii's Customer Self-Supply Programme.
The non-residential segment installed 6.8 MW in a "relatively quiet quarter."
GTM Research says utilities are increasingly recognising energy storage in their resource planning. In 14 states utilities have included almost 2 GW of storage into integrated resource planning.
According to the market analyst, the annual US energy storage market will nearly cross the 1-GW mark in 2019 and reach 2.5 GW in 2022, when it would be worth USD 3.1 billion (EUR 2.6 bn).
In 2017 installations are expected to increase 28% from 2016 to 295 MW.
(USD 1 = EUR 0.849)