The solar-plus-storage market is on the brink of rapid growth, due in part to stronger policy support. According to a new report from GTM Research, the U.S. grid-connected solar-plus-storage market tripled in 2016. Behind-the-meter solar-plus-storage is set to grow at a much greater pace in the next five years. By 2021, U.S. grid-tied solar-paired-storage will pass 1 GW of installations, a growth rate of 31x from 2016.
U.S. states are advancing policies, including procurement targets, incentives, and pilot programs to provide the foundation for strong storage markets. In a presentation at Intersolar/ees North America, Ravi Manghani, director of energy storage at GTM Research, detailed the programs in place in California, New York, Massachusetts and Vermont providing improved economics and opportunities to both the grid and retail customers. While each of these states has pilot programs that will advance energy storage, California is expected to be the market leader for solar-plus-storage; by 2022, the state will account for almost half of the U.S. solar-plus-storage market.
The report, ”Solar-Plus-Storage: Architectures, Use Cases and Case Studies on the Grid,” is available to download online.
Download the Report