Of their 1963 recording “Little Saint Nick,” the Seashore Boys accurately recognized that “Christmas comes this time every year.” The identical might be stated of Wooden Mackenzie’s Power Storage Monitor for the 12 months’s third quarter, usually revealed to coincide with the annual Power Storage Summit firstly of December.
However by no means earlier than has this periodic incidence generated such pleasure. The newest information drop, you will have seen, contained a outstanding 240 p.c quarter-over-quarter surge in U.S. power storage deployment, bringing the nationwide complete to 476 megawatts put in.
Naturally, the headline numbers masks a wealth of tales and traits which can be exhausting to seize in a fast information story. However that’s why we’ve GTM Squared. This week on Storage Plus, I’m digging into the underlying dynamics from this most dynamic of quarters, to see the place the motion is and the place issues are lagging. The pattern traces are up and to the fitting for the most important battery tasks, however distributed storage has but to show its potential for large progress. And any storage applied sciences in addition to lithium-ion batteries have much more to show.