Even the COVID-19 pandemic could not stop the residential storage market from growing in the second quarter, according to the new Energy Storage Monitor.
Even as the coronavirus pandemic sent the U.S. economy into free fall this spring, the energy storage industry delivered its second-best quarter ever in terms of megawatts installed. Despite social-distancing orders, more customers than ever before added batteries in their homes to store solar power and provide backup power amid hurricanes, wildfires and other types of grid outages. Residential storage companies installed 48.7 megawatts/112 megawatt-hours in Q2, up 10 percent from the previous quarter, according to the new Energy Storage Monitor report released Thursday by Wood Mackenzie and the U.S. Energy Storage Association. That marks the fifth consecutive quarterly deployment record for residential storage, something that larger battery segments have never achieved.