POV: Power Breakfast

Power Breakfast for Mar. 7, 2016

Google leads total wind and solar capacity additions; Energy storage market to reach 1.7 GW by 2020


POV: Power Breakfast

A nearly daily update of energy-related news:

  • The top three companies in terms of total wind and solar capacity additions are Google (1630.8 MW), Amazon (538 MW) and Facebook (338 MW). In 2015, a variety of companies (like Dow Chemical and Ikea) made deals to purchase 3.4 GW of renewable energy; two-thirds of these purchases were from first-time buyers.
  • By 2020, the U.S. energy storage market is expected to reach 1.7 GW with a projected value of $2.5 billion according to a report by GTM Research and the Energy Storage Association. The U.S. installed 221 MW of storage in 2015, up from the 65 MW installed in 2014. “We can look back at 2015 as the year when energy storage really took off,” says Ravi Manghani, GTM Research senior energy storage analyst and author of the report.
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