Insight

Coronavirus creates 31% downside scenario for 2020 baseline forecast for US BTM storage market

25 March 2020

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Though COVID-19’s impacts came to North America weeks after disruption which occurred in Asia and Europe, the effects are now being felt across industries. The North American behind-the-meter energy storage market is no exception, with downside risk abounding from factors including commissioning/interconnection issues, sales challenges and supply issues. This insight examines the impacts that COVID-19 will have on the North American behind-the-meter storage market.

Selected key findings:

COVID-19 impacts create an estimated 31% downside in 2020 for the US BTM storage market vs. the previous baseline forecast.
Commissioning and interconnection is the prime challenge resulting from coronavirus.
Product supply remains less of an issue today.

Wood Mackenzie is dynamically monitoring the impact of COVID-19 on the power & renewables space. Our weekly Coronavirus Impact Update insight covers new developments across wind, solar, storage, power, and electric vehicles (brochure here).