March 4, 2021
ENERGY TRANSITIONS: ‘It’s gigantic’: Battery storage grows exponentially
The energy storage industry is shattering records for battery deployments, underscoring its growing role in decarbonizing the economy.
In the last three months of 2020, nearly 2.2 gigawatt-hours (GWh) of energy storage systems were put into operation, according to the energy data firm Wood Mackenzie. That’s an increase of 182% from the previous record-setting quarter.
The blockbuster fourth quarter capped a year that saw a total of 3.5 GWh installed — more than the 3.1 GWh that went into operation in the previous six years combined. That torrid growth could make the industry’s 2030 deployment goal appear newly modest.
