After reaching a significant milestone in 2017, with more than 1,000 megawatt-hours (MWh) now deployed, the U.S. energy storage market is poised for a breakout in 2018, nawindpower.com reports. The U.S. Energy Storage Monitor 2017 Year-in-Review, released by the Energy Storage Association (ESA) and GTM Research, forecasts the deployment of an additional 1,000 MWh this year. Ravi Manghani, GTM Research’s director of energy storage, said, “[w]e’re going to have to strike the word ‘nascent’ from our vocabularies when describing the U.S. energy storage market.” Manghani cited falling costs and favorable policies as “core drivers of the market’s breakout in 2018.” A recent ruling by the Federal Energy Regulatory Commission (FERC) intended to remove barriers to market entry that new technologies such as energy storage faced under previous market rules (see our March 8, 2018 blog post). For more, read the full article.
U.S. Energy storage surpasses 1,000 MWh deployed, no longer “nascent”
