Commercial Energy Storage Economics Will Be Attractive in 19 US State Markets by 2021
In its latest report, The Economics of Commercial Energy Storage in the U.S., GTM Research analyzed rate structures across 51 utilities to determine the opportunity for demand charge management for commercial energy storage customers. According to the report, commercial energy storage economics are attractive today in seven U.S. states. And that number is expected to grow to 19 states by 2021. U.S. commercial energy storage deployments grew fourteenfold between 2013 and 2015, making it the fastest-expanding segment of the U.S. energy storage market. While that growth rate is very high, it’s important to note that the commercial storage market is expanding from a small base. Adoption today is limited to a handful of states with local incentives and high retail electricity rates. However, as storage costs continue to decline, more markets will emerge as offering attractive economics. ….