Deployment of energy storage, especially batteries, will increase substantially in the next few years.
Three underlying trends in the energy markets will drive the growth. They are favorable federal and state regulations on energy storage, falling costs for batteries due to advances in technologies, and an improved ability by energy storage owners to tap into multiple revenue streams.
However, as with any novel technology, the array of opportunities for storage brings new types of risks. Project developers and investors need to understand the risks so that they can plan for contingencies and mitigate risks.
This article describes changes in the market that are driving deployment and improving the economics of storage. Part two of this article