US commercial storage market to grow 34% annually between 2014 and 2020

The US market for commercial energy storage will grow by the equivalent of 34% annually between 2014 and 2020, resulting in the deployment of over 720MW of distributed energy storage, according to a new report by GTM Research. The analysis firm claims that photovoltaics will be one of the drivers of the commercial storage market, with the next six years representing “the beginning of a long-term, viable growth opportunity for commercial energy storage”.