Based on S&P Global Market Intelligence Power Forecast, the growth of U.S. energy storage is forecast to reach 8.5 GW by year-end 2021. This is an increase of 2 GW added per year over the forecast horizon. The solar-plus-storage generation type will become a preferred option of power generation in the longer term, driven by declining build costs and the new investment tax credit.
Gain strategic insights into our Q4-2020 Power Forecast:
- Wind and solar projects in the pipeline
- Forecast growth of hybrid storage across key markets
- Projected generation and capacity balances by energy type
- U.S. offshore wind outlook
Source:S&P Global Market Intelligence. Images for display purposes only.
