March 8 (Renewables Now) – The US put online 2,156 MWh of energy storage capacity in the fourth quarter of 2020 — a jump of 182% from the previous quarter and a new record.
In megawatt terms, installations reached 651 MW, of which the front-of-the-meter (FTM) segment accounted for 529 MW thanks to falling costs and barriers, according to a new report by the US Energy Storage Association (ESA) and Wood Mackenzie.
For the full 2020, the US added 1,464 MW/3,487 MWh of energy storage. This is a 179% year-on-year increase in MW terms.
“The US installed 3,115 MWh of storage from 2013 through 2019, a total that 2020 beat in a single year. This is the hallmark of a market beginning to accelerate exponentially,