US storage market to reach 3.9 GW, $4.5B by 2023

Posted Posted in Renewable Energy, Storage

Wood Mackenzie analysts say the energy storage boom is about to begin in earnest, with the value of the market and number of batteries expected to multiply rapidly in the next two to three years. And while BTM deployments were the story in the third quarter, the firm expects utility-scale installations will drive most of the growth — at least for the next couple of years.