17 Mar '17, 10am

Enel Green Power CEO: Watch Out for a Battery Oversupply in Early 2018

Tesla and other battery companies have launched an arms race to expand their production facilities in an effort to bring costs down. Questions remain about how soon the new factories will have an effect on pricing for end customers and how pronounced that effect will be. In the estimation of Francesco Venturini, who oversees 36 gigawatts of renewables as CEO of Enel Green Power, oversupply of batteries could hit as soon as early 2018. “Cost is dropping faster than what everybody predicted, so it seems like it's following the same path that PV has shown in the past 10 years,” he told GTM during a visit to Berkeley to kick off an innovation hub . “I'm a believer. I see a lot of build-out of new factories around the world; I see right now the potential for having some overcapacity in the market, which is a good thing if I look at it as an IPP.” It wouldn’t be news to hear ros...

Full article: https://www.greentechmedia.com/articles/read/enel-green-p...

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