The Battery Storage Market Kicks Into High Gear
Energy Gang
Wood Mackenzie
4.6 • 1.3K Ratings
🗓️ 14 March 2019
⏱️ 56 minutes
🧾️ Download transcript
Summary
The latest numbers for U.S. energy storage activity are out. They show a surge of activity coming over the next five years, leading to 6x market growth.
By 2024, the storage market will be worth $4.7 billion dollars, driven evenly by utility-scale and behind-the-meter battery projects.
On this week's episode, we'll unpack the numbers in the latest Energy Storage Monitor from Wood Mackenzie and the Energy Storage Association. They show a doubling and then a tripling of storage to come — making batteries an important part of utility planning in every region of the country.
Where’s growth happening, and what does it mean for grid planning?
Then, with many farmers in crisis, more of them are putting solar on their land. That’s providing new sources of income, but many fear it could take prime croplands out of commission. How do we site solar on agricultural lands properly?
And finally, what is going on over at Tesla? We’ll make try to make sense of the confusing series of decisions at the company.
Recommended reading:
- GTM: US Energy Storage Broke Records in 2018, but the Best Is Yet to Come
- GTM: APS Plans to Add Nearly 1GW of New Battery Storage and Solar Resources by 2025
- Washington Post: The Next Money Crop for Farmers
- Interchange podcast: What's Up With Tesla Energy?
- New York Times: Tesla Says Never Mind, It Raises Prices and Keeps Most Stores
- Bloomberg: Musk Pledges Belt-Tightening as Tesla Cuts Prices, Warns of Loss
Support for this podcast comes from Dandelion Energy, the leading home geothermal company. Dandelion is making it easier for homeowners to get geothermal. Customers who switch to geothermal heating save on average $2,250 per year. See if your home qualifies.
We're also brought to you by Wunder Capital. Listen to our careers episode produced with Wunder Capital. We talked with Wunder CTO Dave Riess about the framework he used to completely change his career path into solar — eventually co-founding a successful company. Listen to that episode in The Interchange feed or find it here.
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Transcript
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| 0:00.0 | Support for this podcast comes from dandelion energy. dandelion is the leading home |
| 0:05.3 | geothermal company. Homeowners who make the switch to geothermal heating save |
| 0:09.5 | on average 2,250 dollars per year. That money is sitting underneath the ground under your house. |
| 0:16.8 | Visit dandelion Energy.com slash GTM to see if your home qualifies. |
| 0:21.4 | Support also comes from Wonder Capital. Wonder has |
| 0:24.6 | financed well over a hundred megawatts of small commercial solar |
| 0:27.4 | projects and it is now the leading commercial solar finance here according |
| 0:31.6 | to Green Tech Media. |
| 0:33.0 | To find out how Wonder Capital can help you finance your next community solar or commercial |
| 0:36.9 | solar project, head over to Wonder Capital.com slash GTM. |
| 0:50.0 | From Green Tech Media, this is the Energy Gang, weekly debates and discussions about the fast-changing |
| 0:54.8 | world of energy. I'm Stephen Lacy. Welcome to the show. |
| 0:58.7 | This week, the battery storage era of the electric grid is dawning. I'm looking at a bar chart here of The under half a gigawatt. 2018 was a solid year up 44% and then boom this year it |
| 1:16.6 | doubles and then it triples in 2020. We are going to look at what is causing these |
| 1:21.4 | big leaps for batteries in the US. Then more and more |
| 1:25.4 | farmers are in crisis so more and more of them are putting solar on their land. |
| 1:29.4 | That's giving them new sources of revenue but many fear it could take prime crop lands out of |
| 1:34.2 | commission will ask how to do it right and finally what is going on over there at |
| 1:38.6 | Tesla the stores are closing nope actually they're staying open We're lowering the cost of EVs. |
| 1:44.0 | Never mind. We're raising our prices. |
| 1:46.0 | Model 3 volume is our priority. |
| 1:48.0 | Nope, actually here's a teaser for the Model Y. |
... |
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