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The three major drivers of growth for stationary battery energy storage are battery costs, regulatory frameworks and market for addressable services.
“Batteries could be economically viable in three to five years,” states a recently released report from international credit rating agency Moody’s.
Relying on diesel generation alone to back up solar for off-grid networks is making less and less sense.
New York’s need for solar-tied storage looks set to grow as the US state faces increasing demand challenges with the retirement of traditional generation.