New Report Reveals Strong U.S. Energy Storage Market Growth

McLean, VA (June 26, 2019) — The Copper Development Association (CDA) is encouraged by a new report from Wood Mackenzie that shows the U.S. energy storage market saw a 148.8 MW deployment in the first quarter of 2019, growing 6 percent quarter-over-quarter and 232 percent year-over-year.

The report provides comprehensive research on energy storage markets in the U.S. that provide energy industry professionals, government agencies and policymakers with insight into the market.

“Energy storage technology is critical to the growth of renewable energy in North America and we are encouraged by its continued adoption,” said Zolaikha Strong, director of energy policy and electrical markets at CDA. “Copper is a significant component of the energy storage and renewable industries due to its excellent conductivity, efficiency and reliability.”

CDA’s new infographic also highlights the importance of copper in the energy storage and renewable markets. The metal is present in wiring and cabling that connect renewable power generation with energy storage devices. There is also 5.5 tons per MW of copper in solar power systems and 4.7 tons in wind farms.

CDA continues to participate in partnerships and advocacy efforts regarding energy policy and electrical markets.