"U.S. Energy Storage Market To Nearly Triple This Year: Report"

"U.S. deployments of energy storage systems will nearly triple this year thanks to sharply lower costs and state policies that support the case for installing batteries in homes, businesses and along the power grid.

That forecasted growth of 186 percent to 1,233 megawatt-hours of storage from 431 MWh compares with the 27 percent increase in 2017, according to a report by GTM Research and the Energy Storage Association trade group published on Tuesday.

That’s in part because some large projects that had been expected for 2017 were pushed into the early months of 2018, but also because the market for batteries in homes and businesses is finally taking off, according to GTM analyst Ravi Manghani, who said that part of the market logged growth of 79 percent last year."

Nichola Groom reports for Reuters March 6, 2018.

SEE ALSO:

"The U.S. Just Hit A Major Milestone For Energy Storage — Which Is Also Great News For Solar" (Washington Post)