This is no surprise, but always good to see the statistics support the anecdotal evidence. At Hyperion we've been working for some time with Energy Storage developers and manufactures across the US (and EMEA). Most recently we've been building teams for Key Capture Energy and Malta Inc, both fabulous start-ups who have retained our services to help build teams to drive the growth indicated in this report. If you are looking to build your team or division, or looking for an opportunity in the sector reach out to us.
The U.S. energy storage market set a growth record in Q1 of this year, deploying 148.8 MW, a 232% increase from Q1 2018, and a 6% jump from Q4 2018, according to the latest Wood Mackenzie U.S. Energy Storage Monitor. Behind-the-meter storage made up 46% of Q1 2019 deployments, representing a 138% growth from Q1 last year and a 36% increase from the fourth quarter of 2018. Meanwhile, front-of-the-meter deployments dropped 10% from last quarter, but still quintupled their growth from Q1 last year.