US energy storage monitor: Q4 2020
The US Energy Storage Monitor explores the breadth of the US energy storage market. This quarter's release includes an overview of updates in the US energy storage market, with new deployment data from Q2 2020.
The analysis 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.
Total US energy storage deployments hit 476 MW this quarter, a new record easily exceeding Q2 2020 (the previous record-setting quarter) by 240%. FTM deployments surged over 330% from Q2 2020 to 395 MW, beating the previous record set during the Aliso Canyon procurements in Q4 2016 by nearly 3x. Massive systems deployed in California drove the record-shattering growth, but the preference in CA for one-hour systems tempered the record in MWh terms, where Q2 deployments exceeded the previous record by a slightly more muted 200%.
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