2020 United States Utility-scale Energy Storage Market
Utility-Scale Battery Energy Storage Systems (BESS) have started to play an important role in the U.S power system in recent years. The market is projected to experience a high growth rate during the next seven years driven by increasing renewable energy deployment, decreasing capital cost of lithium-ion batteries, the use of BESS for transmission and distribution upgrades, expansion deferral, and rising interest in BESS for resiliency.
This study covers front-of-the-meter, utility-scale BESS that charges (or collects energy) from the grid or a power plant and then discharges that energy later to provide electricity or other grid services when needed.
This study aims to provide a detailed analysis of the U.S. utility - scale energy storage systems market along with competitive analysis for the base year 2019. Revenue figures represent revenues generated from the sale of BESS. A BESS is integrated by battery modules, onboard sensors, control components, and an inverter. Installed capacity figures represent the nameplate capacity in terms of megawatts (MW) of BESS installed in the United Sates. The base year for the study is 2019 and the forecast period is from 2019 until 2026.
Companies included in the research are NEC Energy Solutions Inc.,Renewable Energy Systems Ltd (RES America), Fluence Corp Ltd., NextEra Energy, Inc., FlexGen Power Systems Inc, Tesla, Inc., and LG Chem Ltd., among others.
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