US takes the lead in a rapacious battery energy storage gold rush

The take-off in energy storage in the US is so steep, that in the past few weeks alone, enough utilities have committed to projects so that the market will double this year, despite coronavirus, and double again next year. This is according to a new report out from Rethink Energy entitled, “USA flying start triggers rush for Energy Storage leadership,” and subtitled as a global battery energy storage forecast to 2030. This concludes that Battery Energy Storage (BES) will have a ten year CAGR in excess of 44.8%. Markets do not grow much faster than that. More details of the report can be found here. The numbers provided in the report are mostly in GW (Giga Watts), because much of…