Market Report
US energy storage monitor: Q4 2021
Report summary
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 Q3 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 2026. In Q3 2021, the energy storage market added 1,140 MW / 3,515 MWh, a record quarter for the industry to date. The utility-scale segment alone added nearly 1 GW as a wave of new projects in California began to come online, with more expected in Q4. In addition, ITC provisions from the expected Build Back Better act are now incorporated into Wood Mackenzie's forecasts.
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