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MASSIVE GROWTH IN ENERGY STORAGE INDUSTRY

  • US Q1 2017 deployments in megawatts up 276% over prior year
  • US Q1 2017 deployments in megawatt-hours up 944% over prior year
  • By 2022, US energy storage market is expected to be worth $3.2 billion – 10x increase from 2016 (US Energy Storage Monitor Report Q2/17)
  • California utilities now mandated to include energy storage in new projects
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VANADIUM REDOX BATTERY INSTALLATIONS

Currently: 59 installations @ 75MW
(Dept. of Energy)