Market Research Report
Leading US States for Distributed Energy Storage
|Published by||Guidehouse Insights (formerly Navigant Research)||Product code||950695|
|Published||Content info||24 Pages; 3 Tables, Charts & Figures
Delivery time: 1-2 business days
|Leading US States for Distributed Energy Storage|
|Published: July 20, 2020||Content info: 24 Pages; 3 Tables, Charts & Figures||
The US distributed energy storage market has grown considerably from 2015 to 2020. Technological and manufacturing advances have led to significant cost declines in distributed energy storage systems (DESSs) located behind the meter (BTM). These factors present major motivation for the technology's rapid uptake. In addition, states experiencing the benefits and challenges associated with high renewable penetration have deployed DESSs to ease the integration of renewables while expanding the quality of service for ratepayers. As the number of cities, states, and businesses committed to carbon reduction goals swells and the demand for onsite generation of renewable energy mounts, distributed energy storage is poised to take a leading role in the new energy paradigm shift.
However, the US market is highly fragmented with only a few US states accounting for most activity. New states are emerging with strong markets, but each state has varying market structures, regulations, economic applications for projects, and other considerations. Stakeholders must understand the differences among states in terms of market structure, utility processes, competitive landscape, and supportive policies.
This ‘Guidehouse Insights report’ highlights large and promising state markets and explores the landscape of market drivers, policies, and new projects in each of the 10 leading states. This report provides forecasts for new distributed energy storage deployments for the top 10 US states and the country's market in its entirety. This report also provides an update to US market forecasts considering recent changes, including the impact of the COVID-19 pandemic.