Connect with us

Hi, what are you looking for?

CleanTechnica
The US energy storage project pipeline has doubled in 2018, reaching an impressive 32.9 gigawatts (GW) according to the latest US Energy Storage Monitor published this week, providing what the authors describe as a "clear signpost" that energy storage in the United States is the bullish new technology for developers. 

Energy Storage

US Energy Storage Project Pipeline Doubles To Nearly 33 Gigawatts In 2018

The US energy storage project pipeline has doubled in 2018, reaching an impressive 32.9 gigawatts (GW) according to the latest US Energy Storage Monitor published this week, providing what the authors describe as a “clear signpost” that energy storage in the United States is the bullish new technology for developers. 

The US energy storage project pipeline has doubled in 2018, reaching an impressive 32.9 gigawatts (GW), according to the latest US Energy Storage Monitor published this week, providing what the authors describe as a “clear signpost” that energy storage in the United States is the bullish new technology for developers.

The US Energy Storage Monitor was published on Thursday by Wood Mackenzie Power & Renewables and the Energy Storage Association (ESA), revealing that US energy storage deployments in the third quarter rose 44% year-over-year — which is even more impressive than it sounds, when you consider that deployments in the third quarter of 2017 had increased by 46%. Specifically, the United States saw a total of 61.3 megawatts (MW) deployed in the third quarter, with behind-the-meter deployments accounting for 57% of the total, experiencing a 198% year-over-year growth.

US Q3 2018 deployments in megawatts

In terms of megawatt-hours (MWh) deployed in the third quarter, the quarter actually saw a quarterly decline, down 15% to 136.3 MWh deployed. Conversely, MWh as compared to the third quarter of 2017 increased by 220%, from 42.5 MWh. Behind-the-meter deployments accounted for 60% of total MWh deployed in the quarter, while front-of-the-meter MWh deployed were dominated by a single 8-hour project brought online in New York.

US Q3 2018 deployments in megawatt-hours

“Just over a year has passed since ESA, on behalf of our members, announced the industry vision of deploying 35 GW of new energy storage by 2025,” said Kelly Speakes-Backman, CEO of ESA. “With today’s recognition of the nearly 33 GW pipeline of US storage projects, we have proof of the industry’s commitment to realizing our collective vision, which is projected to bring with it the creation of more than 167,000 new jobs, reduced emissions, and $4 billion in cumulative operational cost savings, among other benefits.”

“Developers in markets across the entire country are seeing the raw economic potential that energy storage can provide, and they’re trying to get their foot in the door in key interconnection territories prior to FERC Order 841 mandated changes going into effect,” added Dan Finn-Foley, senior energy storage analyst with Wood Mackenzie. “Outside of the raw megawatt numbers, 2018 saw proposed projects or utility investment from Alabama to the Dakotas, from the Carolinas to Nevada, and everywhere in between. With everything energy storage can do there really is no US market that isn’t emerging as an opportunity.”

California remained the leading energy storage market in the United States across all sectors — residential, non-residential, and front-of-the-meter. Hawaii was third in residential and second in non-residential, while New York was third in non-residential and second in front-of-the-meter.

Front-of-meter deployments were down 14% in the third quarter as compared to the same quarter a year earlier when measured in megawatts, yet were up 178% year-over-year when measured in megawatt-hours. The authors of the report explain that more long-duration projects are being brought online for services such as capacity and load-shifting. This is a shift on previous trends which normally saw projects brought online for frequency regulation, which generally have less than 1-hour discharge durations.

The behind-the-meter segment — made up of residential and commercial energy storage deployments — was down 24% from the second quarter of 2018, but was nevertheless the second-strongest quarter on record.

By the end of 2018, Wood Mackenzie expects 338 MW and 686 MWh of energy storage to be deployed in 2018, and continue to see increases before eventually reaching annual deployments in the range of 3.8 GW by 2023. Wood Mackenzie also expects the market to be worth $4.5 billion in 2023, doubling in value between 2018 and 2019, and then again from 2019 to 2020.

 
Appreciate CleanTechnica’s originality and cleantech news coverage? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.
 

Don't want to miss a cleantech story? Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!
 

Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.
Advertisement
 
Written By

I'm a Christian, a nerd, a geek, and I believe that we're pretty quickly directing planet-Earth into hell in a handbasket! I also write for Fantasy Book Review (.co.uk), and can be found writing articles for a variety of other sites. Check me out at about.me for more.

Comments

You May Also Like

Batteries

In the U.S. Energy Information Administration’s (EIA) Annual Energy Outlook 2021 (AEO2021), EIA projects a significant number of battery energy storage systems will be added to...

Batteries

There's only so much time in the day — a lesson I seem intent on not learning. We've published many solar energy articles in...

Energy Storage

The United States deployed a total of 148.8 megawatts (MW) of energy storage in the first quarter of 2019, breaking the previous megawatt-record set...

Energy Storage

New York Governor Andrew Cuomo announced $280 million in support for energy storage projects last week, aimed at accelerating the growth of the energy...

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.