The energy storage market in the U.S. is expected to grow to $2.5 billion and 1.7 gigawatts by 2020 with an annual installation size of 40 gigawatts by 2020. In terms of megawatt-hours, the U.S. energy storage market grew 284 percent in 2016 and this number will continue to increase exponentially throughout 2017.
The Energy Storage Association predicts that “a highly networked ecosystem of two-way power flows and digitally enabled intelligent grid architecture will replace the current one-way power system” and that energy storage will play a main roll in this process by 2025.
