17 Apr '18, 9am

Battery storage is reaching the point of no return

Advanced battery energy storage — known as ABES — is one of the few technologies that has the potential to permanently disrupt America’s energy markets. Although still a nascent industry — with only around 700 megawatts of capacity installed on the U.S. grid by the end of 2017 — ABES is poised to take off, thanks to rising investments in renewables and the declining costs of utility-scale batteries. Some industry experts believe America’s storage market could increase ninefold from 2017 to 2022, albeit from a low base. In S&P Global Ratings’ view, once the economic rationales improve for batteries, ABES could upend America’s existing power model, creating ramifications for both the energy and capacity markets. The prospects for the battery industry could be further supplemented by ongoing state-level policies to decarbonize the grid. Once these factors become stronger, the...

Full article: https://www.greenbiz.com/article/battery-storage-reaching...

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