66% behind-the-meter deployment year-over-year growth

1.3GW & $1 billion government developments/funding

287MW energy storage expected in 2016

M&A, funding, investors

$33 million raised in funding by Aquion; largest deal in Q2 2016

Exergonix acquires Coda Energy assets

Engie acquires of 80% stake in Green Charge Networks

Doosan acquires 1Energy Systems

Tesla merges with SolarCity

Total acquires Saft

US Navy has committed to:

  • 50MW to 100MW grid-scale storage project at Naval Weapons Station Seal Beach in California
  • 6MW solar plus 6MW/18MWh storage project at Naval Base Ventura County in California
  • Battery second use pilot project in Indiana to grow overall capacity to 44MWh by 2019

82% Combined market share: California

The California Public Utilities Commission approved 1.3GW target of energy storage by 2020 for the state’s three largest investor-owned utilities, aggregators, other energy service providers

Source: Bloomberg New Energy Finance (BNEF), New Energy Outlook 2016, Energy Storage Association