Why innovation is the key to accelerating battery storage growth

GREEN TECH MEDIA | By any measure, 2019 was a breakout year for energy storage in the U.S. Fueled by improved economics, increased demand for resilience, and the ever-increasing integration of intermittent renewable generation, energy storage installations hit an all-time high of 522 megawatts/1,113 megawatt-hours last year.

Though coronavirus-related supply chain disruptions, macroeconomic damage and uncertainty have lowered 2020 installation forecasts, analysts remain bullish on the longer-term prospects of storage. According to Wood Mackenzie Power & Renewables, global installations will reach 15 gigawatts per year by 2024.

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