Castries energy storage subsidy
New tax credits in the inflation act have led to a surge in stand-alone energy storage projects that can be placed closer to demand centres, as well as projects that take advantage of shared
Developments in batteries and other energy storage technology have accelerated to a seemingly head-spinning pace recently — even for the scientists, investors, and business leaders at the forefront of the industry. After all, just two decades ago, batteries were widely believed to be destined for use only in small objects like laptops and watches.
Breakthroughs in battery technology are transforming the global energy landscape, fueling the transition to clean energy and reshaping industries from transportation to utilities. With demand for energy storage soaring, what's next for batteries—and how can businesses, policymakers, and investors keep pace?
Too often, conventional energy sources are called in to smooth out the demand imbalance. Batteries can help store energy for when it's needed by utility systems — and EV batteries could serve as a readily available and widely distributed source of this storage.
Steingart pointed out that the biases against the viability of these batteries extend even further back than that. In 1883, Thomas Edison stated that storage batteries could amount to no more than “a catchpenny, a sensation, a mechanism for swindling the public by stock companies.” That impression stuck around for far too long, he said.
PDF version includes complete article with source references.
Get technical specifications, ROI analysis tools, and pricing information for our BESS integration and energy storage solutions.
Av. de la Innovación 15
28042 Madrid, Spain
+34 91 133 2769
Monday - Friday: 9:00 AM - 6:00 PM CET