US non-residential storage system prices: Trends from 2019 to 2024

Over the coming years, the non-residential energy storage market in the US will experience substantial growth as system pricing continues to decline. The market will cross the 1 GWh annual deployment mark by 2021. In this report, Wood Mackenzie shares its system cost forecast for non-residential systems and also breaks out the forecast by battery prices and balance-of-system costs, including inverters, hardware, software, containerization, engineering, procurement and construction, and other soft costs.

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Sample of companies mentioned in this report: LG Chem, Samsung SDI, Panasonic, CATL, BYD, Schneider Electric, ConEdison Solutions, NEC Energy Solutions, SunGrow, NexTracker, Convergent, General Electric, Lockheed Martin, Aggreko, Stem, Engie, SunPower, Enel X, Stem, Advanced Microgrid Solutions, Tesla, Fluence, IHI, Wartsila, Dynapower, SMA, Chint Power Systems, Delta, OutBack Power, ABB, Eguana Technologies, Power Electronics, EPC Power Corporation, Pika Energy, LS Energy Solutions

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