06 Oct '17, 6pm

Extreme Storms Spur Interest in the Developing Battery Microgrids Market

Extreme Storms Spur Interest in the Developing Battery Microgrids Market

As the frequency of extreme storms, like the ones that recently devastated Puerto Rico and Houston, grows, battery-connected microgrids are emerging as a potentially crucial technology. Such systems could help hospitals, shelters and retail outlets become more resilient against surging waters and torrential winds compared to backup diesel generators or relying on the power grid to remain operational. For companies and investors selling and financing these battery grid systems, the rise of extreme storms could actually turn out to be a major opportunity. Potential customers could look to make energy systems more resilient before storms hit their regions, or rebuild energy services in the wake of disasters. On Thursday, Tesla CEO Elon Musk suggested that his company could rebuild Puerto Rico’s power grid with solar and batteries in the wake of the devastating storm. Tesla ha...

Full article: https://www.greentechmedia.com/articles/read/extreme-stor...

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