U.S. Battery Storage Market Trends

A new report from the Energy Information Administration (EIA) that gives a snapshot of the energy storage landscape shows how differing policy drivers have led to the proliferation of large capacity and short duration storage projects in the PJM region while California leads in terms of MWh of capacity.

The report also notes that California’s policy mandates mean that energy storage deployments in the state tend to serve a wider array of applications than those in PJM. The output of many California storage projects is procured by regulated utilities to serve multiple applications without necessarily being directly compensated for each application through market mechanisms.

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