What Business Model Will Succeed in Energy Storage?
December 22, 2016
As the cost of batteries, fuel cells, and renewable energy more broadly come down, it's becoming clear that energy storage will be a big business in the future. It can smooth out the variability inherent with wind and solar, provide valuable services to the grid, and move cheap renewable energy created during the day to hours when it's most needed.
It's becoming more clear that energy storage will be valuable, like wind and solar energy a decade ago. What's not yet clear, though, is the answer as to how energy storage will generate value for investors. Creating a business model that can exploit the advantages of energy storage to make money will be key. And the industry may be perilous for those on the bleeding edge.