As readers of Energy-Storage.news are no doubt well aware, the United States energy storage market is achieving rapid growth.
As analysts project a thirteen-fold increase for the category over the next six years reaching 158 gigawatt-hours by 2024, there is now significant demand for battery manufacturing capacity in the U.S. This is true for the entire category, but especially so for industrial scale applications, as evidenced by utility-scale storage representing the largest market segment in 2018 at 394.8MWh, and experiencing double-digit growth of 11.3% year-over-year.
Many expect there to be continued growth and viability of industrial-scale batteries that are capable of powering energy storage systems. These solutions include those that sit predominantly in front of the meter, supporting utility-scale electricity generation, transmission and storage.
This technology can replace fossil fuel peaker plants, enhance wind and solar plus storage projects, optimise microgrids, improve the utility’s ability to meet fluctuating demand, manage power disruptions – and be deployed in commercial, industrial, mining and military projects.
It is a common misconception that “the technology isn’t there yet,” as most industry insiders will tell you that many of the hurdles to mass adoption of industrial energy storage relate to a lack of supply. Across the current landscape, many energy storage supply chains are bottle necked and wracked with costly inefficiencies that delay the process of production to delivery. While there are a number of international companies shipping product that has helped spur this sector’s growth, domestic manufacturing would help the U.S. meet battery demand with batteries made in the U.S.
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