Storage equipment market is expected to hit $4.6 billion and 3.9 GW in annual new deployments by 2023.
The U.S. market for energy storage equipment is growing rapidly and expected to hit $4.6 billion and 3.9 GW in annual new deployments by 2023 according to a recent report by Wood Mackenzie (formerly GTM Research) and the Energy Storage Association (ESA).
By state, California led the way in the behind-the-meter segment of the market in both residential and non-residential deployments. On the residential side California is followed by Hawaii and then “all others,” which comprises the ten markets GTM monitors, Arizona, California, Colorado, Hawaii, Massachusetts, Nevada, New Jersey, New York, Texas and PJM, the regional operator covering all or parts of Delaware, Illinois, Indiana, Kentucky, Maryland, Michigan, New Jersey, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia and the District of Columbia. On the non-residential side, it’s New Jersey trailing California and leading all others, said the report’s executive summary.
Read more: ECM Web
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