From Electrek: Electrek green energy brief: ‘energy storage normal course of business’,...

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    Sep 28, 2016
    Electrek green energy brief: ‘energy storage normal course of business’, less than 1% of $100T, net metering 2.0, more


    New York state: “Utilities should be using energy storage as part of their normal course of business” – We’re seeing energy storage grabbing onto more chunks of the power grid. There is a game that occurs inside of us – we see headlines of something happening far away, we see rich thought leaders do it, we see others we know do it, we see our competition do it – each of these occurrences build up a certain confidence in ourselves. New York State is pushing because they recently bore the consequences of a hurricane combined with ocean rise, and were reminded of the need to be resilient. The reason they chose this path i particular is because others had shown it to be sound. No fluff – just your normal course of business.

    $100 trillion of institutional money in the world, and less than 1 percent is invested in anything green – I’ve heard $1T/year is needed to fix the co2 issue. Globally – $287B in green investments. In the US, $200B in 2016 in a broader set of technologies. These numbers aren’t covering the exact same area – but they give you a scope of the work being done, and that we need do more work still. After we juxtapose those needs with the available capital – we should feel a bit more optimistic on the financial potential. Solar, wind and energy storage projects are able to come on piece meal and relatively quickly, meaning cash flows back to investors start sooner than later – time value of money stress is lowered and money gets deployed again. Virtuous cycle.


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