US Energy Storage Installations Grow 100% in 2016
Mike Munsell for GTM: “The fourth quarter marked a turning point in the U.S. utility-scale energy storage market reflected by the burst of deployments over an extremely short period from inception to interconnection,” said Ravi Manghani, GTM Research’s director of energy storage. “California will play a significant role in the future as utilities there continue to contract energy storage under the state’s 1.3 gigawatt mandate. While California took over the pole position in 2016 from PJM, the market shift was also transformational in terms of applications -- from short duration ancillary services to longer duration capacity needs.”
As a result, even though the market stayed roughly flat in megawatts, it grew 100 percent in megawatt-hours. Cont'd...
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.