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According to Wood Mackenzie and the U.S. Energy Storage Association’s (ESA) latest ‘US Energy Storage Monitor’ report, 910 megawatt-hours (MWh) of new energy storage systems were brought online in Q1 2021. This is an increase of 252% over Q1 of last year, making it the biggest Q1 so far for the US storage market.
After a record-setting quarter for deployments in Q4 of 2020, the pace of storage deployments slowed in Q1 2021 in what has come to be somewhat of an annual phenomenon for the industry. However, despite the dip this quarter, the US storage market still notched its third highest megawatt (MW) total for one quarter.
Looking ahead to the rest of 2021, deployments are expected to accelerate dramatically. Wood Mackenzie forecasts that nearly 12,000 MWh of new storage will be added in 2021, which is three times the amount of new storage added in 2020.
Read the full article, US Energy Storage Market Sets Q1 Record for Deployments, on Wood Mackenzie.