March 4, 2021
US energy storage market shatters quarterly deployment record
According to Wood Mackenzie and the U.S. Energy Storage Association’s (ESA) latest ‘US Energy Storage Monitor’ report, 2,156 megawatt-hours (MWh) of new energy storage systems were brought online in Q4 2020. This is an increase of 182% from Q3 2020, making Q4 the new record quarter for U.S. storage.
As prices fall and barriers to storage deployment are eroded, front-of-the-meter (FTM) storage is taking off in the U.S. Four out of every five megawatts (MW) deployed in Q4 were FTM storage. The segment contributed 529 MW out of the total 651 MW of storage deployed in Q4. California saw the lion’s share of Q4 FTM deployments, according to the report.
