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Residential Energy Storage Surging, No Longer Just a `Cool Toy’


These translations are done via Google Translate
Sep 5, 2018, by Brian Eckhouse
(Bloomberg)

Demand for residential energy-storage is surging in the U.S., with more capacity installed in the second quarter than in all of 2017.

Consumers installed home batteries with 57.5 megawatt-hours of storage capacity last quarter, according to a report Wednesday from the Energy Storage Association and Wood Mackenzie Power & Renewables. That’s more than the 39.8 megawatt-hours added during all of last year. It was also the first time residential storage exceeded big utility-scale projects, which totaled 51 megawatt-hours for the quarter.

Declining costs are helping drive the surge in energy storage, along with wider availability of solar-plus-storage products. At the same time, consumers are showing more interest in generating and using their own power, and utilities are starting to impose time-of-use rates with prices that vary depending on when electricity is consumed. California will soon require solar atop almost all new homes, which should encourage greater battery adoption.

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The residential market is “moving beyond simply being a cool toy and into something that’s being widely deployed and used by people across the country,” said Brett Simon, a senior analyst at Wood Mackenzie Power & Renewables, in an interview.

Residential installations were concentrated in California and Hawaii, which both have ambitious clean-power targets.

More growth is coming. Wood Mackenzie Power & Renewables expects residential storage installations to almost triple in 2019 from this year.



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