Dec 18 2023
Battery bubble or boom? It’s complicated
Battery storage is booming in the U.S., and for good reason. So much intermittent renewable energy on the grid demands flexible resources to fill gaps. And, short of reverting back to fossil fuels, batteries are the best answer to support the energy transition.Investors have poured billions of dollars into battery storage development to cash in, largely based on speculative opportunities. But there's one problem: markets have been slow to evolve, leading to an uptick in consolidation and growing uncertainty about the path ahead.A battery bubble may be forming. What happens if it pops?Episode 70 of the Factor This! podcast answers that question by taking an intimate look at the two top battery markets in the U.S. — California and Texas — and their diverging trajectories. Guests:Jason Burwen, VP of Policy & Strategy, GridStorCody Hill, SVP, REV RenewablesRenae Steichen, Director of Regulatory Affairs, REV RenewablesWatch the full episode on YouTubeRegistration is LIVE for GridTECH Connect Forum - California. Join us in Newport Beach June 24-26 for the interconnection event. We're bringing together utilities, developers, and regulators to take on one of the biggest challenges facing the energy transition. Click here to save 10% on your ticket. Join partners from PG&E, CAISO, ENGIE, AES, and more. Watch every new episode of the Factor This! podcast on the Renewable Energy World YouTube channel, and make sure to subscribe while you're there! Registration is LIVE for GridTECH Connect Forum - California. Join us in Newport Beach June 24-26 for the interconnection event. We're bringing together utilities, developers, and regulators to take on one of the biggest challenges facing the energy transition. Click here to save 10% on your ticket. Join partners from PG&E, CAISO, ENGIE, AES, and more.