June 2, 2020
Renewables Gain Investors as Some Flee Oil, Gas, and Coal
“There are concerns about financiers saying just wait and see, but I have not heard about anyone trying to renegotiate a project,” said Kelly Speakes-Backman, CEO of the Energy Storage Association, in an interview with POWER. Speakes-Backman is among the keynote speakers confirmed for POWER’s Distributed Energy Conference in Chicago, Illinois, Oct. 19-21.
“I can tell you I don’t see this crisis impacting the long-term ability of storage to grow,” Speakes-Backman said. “We’re expecting a 300% increase in storage deployment this year, so even a 50% drop in that means we’re still doing well. I really feel like this is going to be a near-term situation for our industry. People have already begun to realize the importance of energy storage to decarbonizing the grid, and I don’t think that goes away with this crisis.”
