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.
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.
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