America Leads Global Energy Storage Development, But China’s Catching Up

Energy storage has gone global, but in a lumpy and heterogeneous way.

That’s the upshot of new report on worldwide storage deployments from GTM Research.

The U.S. and Australia led the pack in 2017, thanks to several mega-projects coming online, and market drivers that reward storage investment. Germany and Australia thrive in the residential storage segment, which hasn’t achieved significant scale in the U.S.

China is just getting started, but could surpass almost everyone in deployments over the next five years.

Most of these markets have barely emerged from their pilot stages, and offer very few use cases for storage that can earn a …read more

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