The U.S. Energy Storage Monitor report is offered quarterly in two versions– the executive summary and the full report. The executive summary is free (a portion of it is here) and provides a bird’s eye view of the U.S. energy storage market and the trends shaping it. In contrast, the full report features state-by-state breakdowns and analysis on storage deployments, growth forecasts, policies helping or hindering growth, financing trends, and market strategies. It is available individually each quarter or as part of an annual subscription.
U.S. Energy Storage Monitor is a quarterly publication of GTM Research and the Energy Storage Association (ESA). Each quarter, the organizations gather data on U.S. energy storage deployments, prices, policies, regulations and business models. We compile this information into this report, which is intended to provide the most comprehensive, timely analysis of energy storage in the U.S. Notes:
• All forecasts are from GTM Research; ESA does not predict future pricing, costs, or deployments
• References, data, charts and analysis from this report should be attributed to “GTM Research/ESA U.S. Energy Storage Monitor”
For more information: www.energystoragemonitor.com.
- The U.S. deployed 140.8 MW of energy storage in Q4 2016, a 7.5-fold increase from the 18.6 MW deployed in Q3 2016 and up 25% from Q4 2015, marking a record quarter in megawatt terms. Overall, 2016 was down 3% in total MW deployed compared to 2015.
• Behind-the-meter deployments decreased 41% from Q3 2016, which was a particularly strong quarter for the non-residential market. The residential market held roughly flat, falling only 4% quarter-over-quarter. In contrast, the non-residential segment fell 44% in Q4 2016, after three straight quarters of growth (Q1-Q3 2016). Year-over-year, the behind-the-meter segment fell 31%, though this masks a slight increase in the residential segment. This decline is mostly attributable to a drop in California’s non-residential market.
• Overall, behind-the-meter deployments accounted for 6% of the total market in MW terms in
Q4 2016. Notably, Q3 2016 was a historically slow quarter for the utility-scale segment, leading to a record market share of 76% for the behind-the-meter market in MW terms in Q3 2016.
- California was the largest utility-scale market in 2016, dethroning PJM (excl. NJ), which held the position the year prior. California surged ahead in Q4 2016, entirely as a result of expedited deployments from the Aliso Canyon procurement. PJM (excl. NJ) dropped to third place, with a market only one-tenth the size of its 2015 deployments.
• California remained the largest non-residential market in 2016, growing 18% over 2015. The Self-Generation Incentive Program (SGIP) and high electricity prices continue to drive California’s non-residential market, which was almost 24 times the size of the next largest market, New Jersey. Behind-the-meter energy storage procurements will aid California in retaining its dominance of the U.S. non-residential segment over the next few years.
• The residential market saw increased diversity in 2016, as storage system vendors began deploying projects in increasing quantities beyond the strongholds of Arizona, California, and Hawaii, causing the category “Other Markets” to lead in 2016. However, these individual markets are quite small. California remained the largest single-state market in 2016, a position it is unlikely to relinquish in the near future given a combination of the SGIP and shifts to new net-energy metering rules including time-of-use rates. Top Energy Storage Markets, 2016 *GTM Research is currently monitoring eight individual markets. Complete coverage of all markets is available in the full report.
Top Three Markets by Segment in 2016 (Power Capacity) Rank Residential Non-Residential Utility 1 All Others* California California 2 California New Jersey All The next top three states for storage: Arizona, New York, and the PJM (Excl. NJ)
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Filed Under: Energy storage