US LARGE-SCALE BATTERY STORAGE SET FOR SURGE OF INVESTMENT CAPITAL
US LARGE-SCALE BATTERY STORAGE SET FOR SURGE OF INVESTMENT CAPITAL The US large-scale energy storage industry is now well positioned to take off, as a combination of a benign regulatory environment, competitive prices, and technological innovation has set the stage for the technology to become a powerful disruptive force in the energy business and a potential magnet for finance capital. Batteries used for electricity storage and on-demand dispatch can disrupt the entire energy production supply chain by making various renewable energy sources more profitable, and ultimately replacing a large part of the market for established technologies, such as coal and diesel-fueled power plants. That displacement occurs in two ways: storing energy in batteries can substitute some existing thermal generation and it can reduce the need to build some new thermal capacity. Additionally, it supports the growth of two other disruptive technologies (DT), electric transportation and green energy. ...