Energy storage installations grew 243% in 2015, and it looks like years of growth are ahead.
A recent report from GTM Research and ESA called U.S. Energy Storage Monitor shows that 2015 was a breakout year for the energy storage industry, and an explosion of growth could be on the horizon. Overall, energy storage installations grew 243% in 2015 to 221 MW (standard discharge time of one hour for these reports). Incredibly, this is just the start of the industry’s growth. The authors predict that energy storage will be a 1.7 GW, or $2.5 billion, business by 2020.