Despite the fall in unit prices for energy storage, a total of US$3.6 billion of investment was committed to energy storage projects in 2020, around the same amount as in 2019.

Regulatory changes at the national level coupled with policy programmes in leading states will drive residential and commercial energy storage to new heights, according to various sources at this week’s Energy Storage International in California.

The US is expected to remain the world’s biggest market for energy storage until 2022, with China its closest rival, GTM Research has said.

While research published this week demonstrates that the US as a whole is embracing energy storage technology, with regulator FERC’s recent wholesale market ruling likely to have a “significant impact”, the picture varies greatly when looking from state-to-state, an analyst has said.

Over 9,000MWh of battery energy storage could be deployed in Britain over the next five years as the sector enjoys a trend towards “explosive growth”, a market analyst has said.

The European electricity storage market has seen an impressive growth over the past two years. Whereas in 2015 some 300MWh of battery storage capacity was newly installed, just two years later in 2017, more than 700MWh was added. Delta-ee’s Valts Grintals gives you some highlights and pinpoints some recent trends across the continent.