US triples energy storage installations, residential grows 10X to become largest sector
Wood Mackenzie projects that the U.S. energy storage market will reach well over $500 million in sales this year, following on 61.8 MW / 156.5 MWh of installations during the second quarter. Residential storage has grown at 61% per quarter since Q1 2017.
GTM Research rebrands as Wood Mackenzie Power and Renewables
As a result of the acquisition by the consultancy, GTM Research’s clean energy analysis is broadening along the energy value chain, and is integrating into Wood Mackenzie’s team of more than 70 energy analysts.
40 million EV charging points for 11% of all cars by 2030
GTM Research has published an analysis of the global electric vehicle infrastructure of 2030. The group sees ten times more public charges than home chargers, and in North America alone sees $13 billion in electricity related revenue due to EVs in 2030.
9 out of 10 doctors recommend residential solar+storage
GTM Research projects that residential batteries and other energy storage systems will be coupled with solar in 9 of 10 storage deployments by 2023. Additionally, the firm projects that residential solar power costs will fall below $2/W by this date.
