US energy storage deployment to triple in 2015, says GTM

LinkedIn
Twitter
Reddit
Facebook
Email

The deployment of energy storage in the US is set to triple in 2015 compared to 2014, according to a new report by GTM Research and the Energy Storage Association (ESA).

The pair’s inaugural US Energy Storage Monitor predicts that 220MW will be installed in 2015 with accelerating growth following in the next five years.

This article requires Premium SubscriptionBasic (FREE) Subscription

Enjoy 12 months of exclusive analysis

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Annual digital subscription to the PV Tech Power journal
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

An estimated 180 grid-connected storage systems were connected in 2014 totalling 61.9MW, a 40% increase from 2013’s tally of 44.2MW.

The Avista Corporation takes delivery of a containerised storage unit in Washington state. Image: Avista Facebook page
“The US energy storage market is nascent but we expect it to pick up more speed this year,” said Shayle Kann, senior vice president, GTM Research. “Attractive economics already exist across a broad array of applications, and system costs are in rapid decline. We expect some fits and starts but significant overall growth for the market in 2015,” added Kann.

The report also notes that two thirds of deployment so far has been in utility-firm PJM’s territory in the eastern US including Ohio, Virginia and Pennsylvania. It also picked out California as a leader with the state’s regulatory framework triggering major procurement by power companies.

"Demand continues to rise for energy storage solutions – for the entire range of applications," said Matt Roberts, executive director, ESA. "Companies that understand the market opportunities and the competitive policies that are driving adoption are poised for immense growth," added Roberts. 

11 November 2025
San Diego, USA
The 2024 Summit included innovative new features including a ‘Crash Course in Battery Asset Management’, Ask-Me-Anything formats and debate-style sessions. You can expect to meet and network with all the key industry players again in 2025 from major US asset owners, operators, RTOs and ISOs, optimizers, software and analytics providers, technical consultancies, O&M technology providers and more.

Read Next

July 4, 2025
Zinc hybrid cathode battery and storage system maker Eos Energy has received its second loan advance from the US Department of Energy’s (DOE’s) Loan Programs Office (LPO).
July 4, 2025
Gamuda has partnered with landowners for a 1.2GW renewable energy and energy storage portfolio in Tasmania, Australia, which includes up to 600MW of energy storage capacity.
July 3, 2025
In Texas, Vitis Energy announces financial close of the Apache Hill Energy Centre while Enertis Applus+ provides independent engineering services for Excelsior Energy Capital.
July 3, 2025
Idaho Power’s updated integrated resource plan adds more solar, wind and energy storage than gas generation, while Public Service Company of New Mexico gets 450MW of solar and storage added to its resource application.
July 3, 2025
OptiGrid has partnered with Hepburn Energy to optimise a BESS at the 4.1MW Hepburn Wind Project in Victoria, Australia, using AI.

Most Popular

Email Newsletter