THE DISRUPTIVE POTENTIAL OF BATTERY STORAGE

Batteries May Vie With U.S. Oil Boom as Energy Changer

Bradley Olson and Mark Chediak, March 5, 2014 (Bloomberg News)

“The rapid development of rooftop solar and battery storage technology could be as transformative to the economy and modern life as the U.S. oil and gas boom, Energy Secretary Ernest Moniz said…Batteries allow customers with solar panels to store energy during the day and then tap the excess overnight when the sun goes down. The widespread use of electric vehicles could reshape the development of cities, and applying the same battery storage technology to transform the U.S. energy system has [‘huge potential’]…Battery storage advances could threaten the 100-year-old monopoly utility business model that books about $360 billion in annual power sales. An increasing number of customers are reducing their dependence on the grid, turning to solar panels and battery storage as a way to reduce their bills…” click here for more

click to enlarge

Tweet