Happy New Year!

Whilst 2018 laid a robust foundation for a new year of energy evolution in 2019 (ending with six US states, including two of the three largest state economies, committing to 100% clean electricity) there is still plenty of room for growth. 

Solar only accounts for 1.3% of US electricity generation and Wind produces 6.3%. Technology is helping the grid adapt but they're still in limited real-world use.  With this in mind, what are the key clean energy developments we should expect (and hope!) to see over the next 12 months?  

GTM pick out a few interesting trends to keep an eye on (more states committing to green energy, how utilities are planning for the future and the role of flexible resources in the residential and C&I sectors) but the one that jumps out is that 2019 is the year that energy storage hits the big time. 

According to their research, the value of the U.S. storage market more than doubled in 2018, to $973 million from $474 million, and the market value is expected to double again in 2020. 

Getting within spitting distance of a billion-dollar annual industry is a huge landmark for what has been the new kid on the energy block for the last decade. Sufficient scale attracts people with more capital and already, private equity firms are coming out of the woodwork with ample balance sheets to develop storage and earn longer-term returns than most of today’s financiers would accept.

With that in mind, it's a fascinating time to be at the forefront of this growth, working with some amazing companies that are building huge storage projects across North America to grow their teams and find the talent they need to be successful. 

The Hyperion Search team will be in New York Jan 7th - Jan 11th to meet with our energy storage and clean technology clients & we'd welcome the opportunity to meet with you too. Please get in touch if you'd like to grab a coffee. 

Have a great start to 2019!