December 4, 2020
US storage deployments shatter record in Q3, with 7.5 GW projected by 2025: WoodMac
A record-breaking 476 MW of storage resources were deployed in the U.S. in the third quarter of 2020 — a 240% increase over the previous record, which was set in the previous quarter — a December report from Wood Mackenzie and the U.S. Energy Storage Association (ESA) found. The domestic battery energy storage market is set to grow sixfold to a total of nearly 7.5 GW — with a $7.3 billion annual market — by 2025, predominantly due to large-scale utility procurements, most of which will be paired with solar resources, according to the report.
