The Battery Storage Market Kicks Into High Gear

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 ComeGTM: APS Plans to Add Nearly 1GW of New Battery Storage and Solar Resources by 2025Washington Post: The Next Money Crop for FarmersInterchange podcast: What's Up With Tesla Energy?New York Times: Tesla Says Never Mind, It Raises Prices and Keeps Most StoresBloomberg: Musk Pledges Belt-Tightening as Tesla Cuts Prices, Warns of LossSupport 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. Subscribe to The Energy Gang podcast via Apple Podcasts, Spotify, Google Podcasts, Stitcher or wherever you find your audio content.