US energy storage posts second-largest quarter, with more growth expected as COVID-19 recedes

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Dive Brief:

  • The U.S. saw 168 MW/288 MWh of energy storage deployed in Q2 2020, the industry's second-largest deployment behind Q4 2019, according to a joint report by Wood Mackenzie and the U.S. Energy Storage Association.

  • COVID-19 triggered a slowdown in commercial and industrial installations, but residential growth remains strong in California and Hawaii as a result of incentives and resiliency programs.

  • Utility-scale installations are expected to drive continued growth through the next several years as falling prices makes renewables-plus-storage increasingly cost competitive.

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