Utility-scale battery storage is taking a big step forward this week according to a Bloomberg article titled “Tesla’s Battery Revolution Just Reached Critical Mass: Three new plants in California show how lithium-ion storage is ready to power the grid.”
The promise of battery storage extends beyond utility-scale programs to large commercial & industrial clients as well. As battery technology costs decline, there is an ever-greater possibility that cost-effective alternatives will exist for hospitals, higher ed clients and even commercial-industrial power users.
What does this mean for C&I customers?
- You don’t need to make any decisions yet. But look for this technology to make its way to your door soon enough. Bloomberg cites research on the significant decline in the cost of lithium ion batteries. As these costs decline, and battery storage companies refine their technology, you will find that battery storage will likely become an option for lowering energy costs and enhancing resilience.
- This news is, however, an indication, a bellwether of the likely unfolding of an increasingly complex energy landscape. The options may well become dizzying.
Bottom line for energy buyers and finance professionals: Keep an eye on the evolving energy landscape. It is not enough, now, to do your old energy management job– you have new opportunities and new challenges that will come to you along with the fast pace of technological development. Make sure you’re ready for whatever comes your way. And don’t forget to ask Why? (In addition to How?)