US Energy Storage Market Could Triple This Year
The energy storage market is poised for substantial growth over the next five years, with installed capacity this year expected to more than triple to 220 MW from last year’s 62 MW.
A recent report from GTM Research and the Energy Storage Association, ‘U.S. Energy Storage Monitor,’ projected that the market will grow from $128 million last year to $1.5 billion by 2019, when more than 800 MW will be installed.
Moreover, non-utility storage – residential and non-residential – will grow from just 10% of installed capacity last year to 45% over the same period.
This is a bullish forecast for downstream residential vendors identified in the report, such as Schneider Electric, Outback Power, Sunverge, and Solar City.
Comments (0)
This post does not have any comments. Be the first to leave a comment below.
Featured Product
OMCO Origin® Factory-Direct Trackers
A One-In-Portrait (1P) solution that support a wide range of solar projects (utility scale, distributed generation (DG), & C&I markets). Manufactured and factory preassembled in the USA at one of OMCO Solar's 5 US plants (AZ, IN, AL, OH), OMCO makes all structural components with domestic steel and now can offer a 100% domestic tracker. OMCO Origin® Factory-Direct Trackers include universal module mounts with options for all commercially available modules, labor-saving bearings with 6 adjustable ways to compensate for posts and terrain issues, and foundation solutions for every terrain including OMCO C Piles.
