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Utilities Are Installing Big Batteries at a Record Pace

The energy storage industry is shattering records for battery deployments, underscoring its growing role in decarbonizing the economy.

In the last three months of 2020, nearly 2.2 gigawatt-hours (GWh) of energy storage systems were put into operation, according to the energy data firm Wood Mackenzie. That’s an increase of 182% from the previous record-setting quarter.

The blockbuster fourth quarter capped a year that saw a total of 3.5 GWh installed—more than the 3.1 GWh that went into operation in the previous six years combined. That torrid growth has industry boosters and researchers feeling very bullish about the prospects for energy storage.

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