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Battery Storage Is Reaching The Point Of No Return

by greenbiz.com posted 7months ago 37 views
Management teams are bracing for the advent of wider battery installations. : 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.