Energy Energy Storage Electrochemical Storage Batteries

Batteries Will Change the Energy Industry Forever

Batteries

This article speaks about how energy storage is suddenly an economical asset to consider as part of the electric grid and how this could change the energy industry forever.

  • Energy storage is starting to make financial sense, which is the only way it will ever be able to reach scale.
  • Utilities see value in energy storage as a way to offset expensive peak generation on high-demand days.
  • Utilities are also seeing energy storage as a way to reduce transmission and distribution costs, and even put off investment in new power plants.
  • Post-2023, wind plus energy storage costs could be as low as $20 to $30 per MW-hour, and solar plus energy storage $30 to $40 per MW-hour.