Posted by Big Gav in energy storage
Bloomberg has an article on the great strides being made by the missing link in the transition to 100% renewable energy - cost effective energy storage - The Age of the Giant Battery Is Almost Upon Us.
Battery costs have declined 40 percent since 2014 and regulators are mandating storage technology be added to the grid. That’s encouraging utilities to offer longer contracts and developers are expected build $2.5 billion in systems globally this year. These trends are changing the risk profile, giving lenders confidence in batteries in much the same way that power-purchase agreements opened banks’ doors years ago for wind and solar power.