Residential Energy Storage: The Other Shoe

2018-06-22 - T&D World article by David Shadle - June 21, 2018

As the utility industry comes to grips with the coming of age of energy storage (see the T&D World April 2018 Energy Storage Supplement), residential storage also is ramping up.  According to the latest quarterly update of the U.S. Energy Storage Monitor from GTM Research/ESA, the  residential storage increase in the 4th quarter of 2017 was the highest on record and combined behind the meter energy storage for all customer categories accounted for 55% of the additions during 2017.

California and Hawaii lead the country for residential deployments in the 4th quarter, and GTM is predicting a breakout year for storage of all types in 2018.  Falling costs and favorable regulatory policies are part of the equation.  No doubt, FERC’s hugely significant decision that outlines a path for integrating energy storage resources into the U.S. wholesale markets is a big part of the optimism. However, GTM also suggests that storage may be negatively impacted by the tariffs imposed on solar cells and modules in early 2018. 

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