Energy Central News

Curated power industry news from thousands of top sources.

News Article

U.S. Energy Storage Market Notable Industry Players Include Duke Energy, E.ON, East Penn Manufacturing, EDF Renewable Energy

Source: 
ReleaseWire

Sellbyville, DE -- (SBWIRE) -- 11/26/2018 -- Growing regulatory focus toward minimizing carbon emissions while increasing the share of renewables on the grid will drive the U.S. energy storage market size. Key states including California, Massachusetts, New York, and Oregon have adopted legally defined energy storage capacity to be integrated into the electric grid. In December 2017, the New York government introduced a new law mandating a state-wide energy storage deployment target of 1,500MW by 2025.

Request for Sample Copy of this research report @ https://www.gminsights.com/request-sample/detail/2952

The U.S. residential energy storage market will witness robust expansion on account of increasing penetration of solar PV levels along with introduction of supportive policies and energy storage subsidies. California and Hawaii constitute the sizeable proportion of the overall residential energy storage sector in the country with fresh participation anticipated from Arizona and Massachusetts in the near term. The industry growth is further stimulated by growing implementation of time-of-use rates by utilities coupled with reduction in net metering compensation.

Lithium ion energy storage market will witness growth on account of continued downturn in battery costs driven by enhanced manufacturing capacity. Li-ion batteries are utilized in a wide array of energy-storage applications, including residential systems with rooftop photovoltaic arrays and grid ancillary services amongst others. High charge/discharge efficiency and appreciable energy density are some of the key features that will continue to boost the technology adoption over the conventional counterparts.

The U.S. utility energy storage market size will exceed USD 1.5 billion by 2024. Strengthening need to build a disruption-proof grid with the implementation of increased efficiency, resilience, and sustainability will favor the industry growth. Growing concerns over climate change and aging grid infrastructure will further favor the business scenario.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/2952

Increasing share of renewables in the national grid facilitated by several fiscal incentives and ventures will stimulate the U.S. energy storage market size. The share of renewable in the California energy mix has been growing exponentially, thereby supporting the industry growth. In addition, legislative mandate to increase renewable generation to achieve emissions reductions targets will positively influence the industry outlook.

Key industry participants active in the U.S. energy storage market comprise Duke Energy, East Penn Manufacturing, E.ON, EDF Renewable Energy, GE Power, EnerVault, LG Chem, Fluence Energy, Invenergy, Johnson Controls, Tesla, SolarEdge, and ABB amongst others.

Browse key industry insights spread across 140 pages with 34 market data tables & 29 figures & charts from the report @ https://www.gminsights.com/industry-analysis/us-energy-storage-market

U.S. energy storage market research report includes in-depth coverage of the industry with estimates & forecast in terms of MW and USD from 2013 to 2024, for the following segments:

U.S. Energy Storage Market, By Deployment

- Residential

- Non-residential

- Utility

U.S. Energy Storage Market, By Technology

- Lithium Ion

- Lead Acid

- Sodium Chemistry

- Flow Vanadium

- Flow Zinc

- Others

For more information on this press release visit: http://www.sbwire.com/press-releases/us-energy-storage-market-notable-industry-players-include-duke-energy-eon-east-penn-manufacturing-edf-renewable-energy-1091394.htm

Media Relations Contact

Arun Hegde

Corporate Sales

Telephone: 302-846-7766

Email: Click to Email Arun Hegde

Web: https://www.gminsights.com/industry-analysis/us-energy-storage-market
 

Content Discussion

Rick Chalker's picture
Rick Chalker on November 28, 2018

 

No. 1 in Energy Storage

 

NextEra Energy has more energy storage capacity than any other company in the U.S. With more than 100 MW of battery energy storage systems in operation, we're ensuring Americans have the energy they need, whenever they need it.

 

They continue to lead the industry with storage innovations such as the Babcock Ranch Solar Energy Center – the largest combined solar-plus-storage facility in the country. This cutting-edge project incorporates a 10-MW battery storage project into the operations of a 74.5-MW solar power plant.

 

NEE’s 20-MW Pinal Central Solar Energy Center is Arizona’s largest utility-scale solar energy center paired with a battery storage system. Along with generating enough solar energy to power 5,000 homes, this facility stores excess energy in a state-of-the-art lithium-ion battery storage system.

 

Not sure why you would leave out the largest Energy Storage company in the U.S., and by far the world’s leader in Wind and Solar.

 

 

 

 

 

Get Published - Build a Following

The Energy Central Power Industry Network is based on one core idea - power industry professionals helping each other and advancing the industry by sharing and learning from each other.

If you have an experience or insight to share or have learned something from a conference or seminar, your peers and colleagues on Energy Central want to hear about it. It's also easy to share a link to an article you've liked or an industry resource that you think would be helpful.

                 Learn more about posting on Energy Central »