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Between 2018 and 2022, the United States may quadruple
its residential battery storage capacity.
U.
S.
residential battery storage capacity will quadruple by 2022
According to IHS Markit Information, less than 200 megawatts of residential battery storage capacity was installed in the United States before 2018, but this number will soon exceed 850 megawatts
.
IHS said residential energy storage has become economically attractive in some markets when paired with solar PV, but believes demand will shift from off-grid and backup systems to grid-connected facilities
that can intelligently interact with other infrastructure.
IHS said these technologies have the potential to be the biggest drivers of market growth and will be able to optimize the rate structure, improve solar self-consumption and participate in grid balancing
.
California and Hawaii are expected to be the largest U.
S.
markets during this period, while Massachusetts, New York and Arizona are also expected to see strong growth
.
IHS said that if new rate structures are introduced, supportive energy storage policies are put in place, electricity costs rise, and elastic demand for vulnerable markets rises, the market growth rate will accelerate
.
，
Between 2018 and 2022, the United States may quadruple
its residential battery storage capacity.
U.
S.
residential battery storage capacity will quadruple by 2022
S.
residential battery storage capacity will quadruple by 2022
According to IHS Markit Information, less than 200 megawatts of residential battery storage capacity was installed in the United States before 2018, but this number will soon exceed 850 megawatts
.
IHS said residential energy storage has become economically attractive in some markets when paired with solar PV, but believes demand will shift from off-grid and backup systems to grid-connected facilities
that can intelligently interact with other infrastructure.
IHS said these technologies have the potential to be the biggest drivers of market growth and will be able to optimize the rate structure, improve solar self-consumption and participate in grid balancing
.
California and Hawaii are expected to be the largest U.
S.
markets during this period, while Massachusetts, New York and Arizona are also expected to see strong growth
.
IHS said that if new rate structures are introduced, supportive energy storage policies are put in place, electricity costs rise, and elastic demand for vulnerable markets rises, the market growth rate will accelerate
.
，
