U.S. Energy Storage Surges 46% In Q3; 2018 Could Be A Breakout Year For Vanadium Batteries

on January 5, 2018

Seeking AlphaU.S. energy storage increases 46% in 3rd Quarter. Hawaii, California, Massachusetts aim to be powered by 100% renewable energy by 2045.

The article “US Energy Storage Increases 46% in 3rd Quarter” by Joshua Hill, published on December 7, 2017, revealed the latest U.S. Energy Storage Monitor report by Greentech Media (“GTM”) Research showed a total of 41.8 MW (megawatts) worth of new energy storage capacity was deployed in the third quarter of 2017, representing an increase of 46% year over year and 10% quarter over quarter.

Texas led the way in the utility-scale segment with its 30 MW project, followed by Massachusetts, California, and Hawaii. GTM Research also highlighted the increasing role that energy storage is having in utilities’ integrated resource planning (IRP), with utilities across 14 states including nearly 2 GW (gigawatts) worth of storage into their IRP thinking.

Another article by Joshua Hill – “California To Meet 2030 Renewable Energy Targets By 2020”, dated November 21, 2017 – indicates California state’s major utilities have already met and should soon exceed the state’s 2020 renewable energy target of 33%. The article also says they will likely meet the 2030 target of 50% by 2020.

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Seeking AlphaU.S. Energy Storage Surges 46% In Q3; 2018 Could Be A Breakout Year For Vanadium Batteries