Market Report

US energy storage monitor: Q2 2020

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This quarter's US Energy Storage Monitor release includes an overview of updates in the US energy storage market, with new deployment data from Q1 2020. It includes key trend analysis for policy landscape, system price trends, VC investments, M&A, vendor activities and deployments across residential, non-residential and front-of-the-meter segments. The report culminates in a market outlook through 2025. The US energy storage market saw 97.5 MW deployed in Q1 2020, down 48% quarter-on-quarter and 39% year-on-year given a tepid showing in the FTM segment. However, the residential segment posted another record quarter, growing 10% quarter-on-quarter in MW terms. However, Q1 2020 was free of most impacts of COVID-19; the Wood Mackenzie team has already recorded significant market impacts in customer acquisition, project installation, and permitting as a result of the pandemic, with those effects to be reflected in next quarter's deployments.

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This report is also available as part of our Energy Storage Service.