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.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

Baja’s Full Cantilever Carports for Optimal Coverage and Performance

Baja's Full Cantilever Carports for Optimal Coverage and Performance

Baja Carports offers an extensive solar support system product line customized to customers' site specifications by in-house engineers, meeting their parking lot coverage, plus optimal PV production needs. Baja's Full Cantilever Tee is often paired with its Semi and Full Cantilever carports to meet live/loads up to 60psf and wind speeds to 160mph. All Baja products are pre-fabricated, bolted connections, pre-galvanized structural steel for fast on-site installation and project aesthetic requirements."