Report: US Energy Storage Market to Grow 250% in 2015

The US energy storage market will experience a breakout year in 2015, according to a new report from GTM Research and the Energy Storage Association (ESA) — with deployments surging to 220 megawatts (MW), up from 62 MW in 2014. That’s a greater than 3-fold increase, it bears noting.

The new report — the inaugural US Energy Storage Monitor report (a collaboration of GTM Research and ESA) — notes that, while 180 new grid-connected electrochemical and electromechanical storage installations came online in 2014, this number will be greatly eclipsed by what’s set for 2015.

The expected 3-fold increase is a pretty big jump on 2014’s growth — which was 40%.  Of the 61.9 MW installed in 2014, 90% was in front of the meter, while ~10% was behind the meter (at residential, commercial, military, or nonprofit sites).

Despite the apparent disparity over the full year, the end of 2014 actually saw a big surge in behind-the-meter deployments (in the 4th quarter).  This trend is expected to continue over the next few years — with behind-the-meter deployments eventually reaching 45% of total deployments by 2019, according to GTM Research.

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