U.S. to Become World’s Largest Grid-Connected Energy-Storage Marke

The United States will this year become the world’s largest market for grid-connected battery energy storage, as solar-plus-storage and peaking capacity requirements drive increased procurement, according to IHS Markit.Deployments of grid-connected energy storage in the United States this year are expected to amount to 712 MW, almost double of 376 MW in 2018. This will help the United States surpass South Korea, where the market might drop significantly below 600 MW.The increasing market activity in the United States is being propelled by significant regulatory and policy developments as well as the diversification in major applications and geographic activity.