Grid-Connected Battery Energy-Storage

The United States to be the Greatest Market for Grid-Connected Battery Energy-Storage in the World

News, Security

According to the IHSMarkit, this year the U.S. will succeed in becoming the greatest market for grid-connected battery energy storage in the whole world, as peaking capacity necessities drive and solar-plus-storage raised acquirement.

This year, the dispositions of grid-connected energy storage in the U.S. are estimated, to sum up to 712 MW, approximately the double of what they were in the year 2018. This will aid the U.S. in surpassing South Korea, where the market may fall considerably below 600 MW.

The rapidly rising market activity in the U.S. is owed to the crucial policy and monitoring progresses along with the diversification in the chief applications and environment activity.

The U.S. had to undergo a hard patch in 2018 when their own disposition deteriorated and those of South Korea progressed. The year 2019 is a complete turnaround for the U.S. as seen by their sturdy performance. Worldwide installations became twice their size in 2018, largely owed to the development in South Korea. In the U.S. however, disposition rose by only 22%.

Now, in the year 2019, numerous chief features have contributed towards U.S. progress:

To allow greater involvement of energy-storage resources in market activities, national guidelines are driving local grid operators around the nation to integrate added market mechanisms.

The investment tax credit (ITC) presently existing for solar is driving the progress of a quickly advancing solar-plus-storage utility-scale project pipeline, in the Western U.S. predominantly.

Energy storage directives and enticements, at a state level, are aiding in initiating growth in progressive markets which are also dealing with comparatively increased stages of renewable energy penetration.

Acquirement of both behind and front-of-the-meter energy storage resources are being ramped up by utilities in order to incorporate greater levels of renewables and to offer further grid services including response to demand.

IHSMarkit predicts more than 2 GW of energy storage to be linked with utility-scale solar PV systems between 2019 and 2023 in the U.S.