According to a U.S. Energy Storage Monitor report from GTM Research and the Energy Storage Association, U.S. energy storage deployments are up 46% annually (year over year) in Q3 2017, totaling 41.8 MW.
The report found that front-of-meter (utility) storage continued to drive most of the market, accounting for 26% of total megawatts deployed, though down 42% from Q2. The storage market grew 10% quarter over quarter, increasing from 38.2 MW in Q2 to 41.8 MW in Q3.
More than two-thirds of the total deployed capacity for the quarter came from a 30-MW project in Texas. Smaller utility projects also came online in Florida, Tennessee and Massachusetts. California and Hawaii ranked for top residential market deployments, and Texas and Massachusetts for top utility deployments.
The report also outlines how utilities are adapting traditional methods of resource planning to include storage, and how storage is emerging as a tool in integrated resource planning across multiple utilities.
U.S. energy storage annual deployments are expected to reach 2.5 GW by 2022, a $3.1 billion market.
For more information, view the report here.