America’s energy storage market just had its biggest first quarter in history, and is growing exponentially with GTM Research projecting it to reach roughly 2.6 gigawatts (GW) in 2022 – almost 12 times total 2016 market size, with surging deployment in the utility-scale storage projects.
This growth opens up tremendous opportunity for storage developers worth $3.2 billion in 2022 and $11 billion cumulatively from 2017-2022, according to GTM Research, while also opening up incredible opportunity for utilities seeking to integrate renewables, smooth ramping requirements, and optimize their system to boost grid reliability.