September 26, 2019
From Science Project to Money Maker: Energy Storage Hits Inflection Point
In 2014, the vast majority of storage projects Greensmith Energy was working on might have best been described as science projects, often dependent on grants or utility R&D budgets devoted to figuring out emerging technologies. Today, potential projects are evaluated primarily on their business case. The reason most energy storage projects these days are driven by solid financial returns is because there are more and more ways to generate revenue. It’s a testament to just how much the economics of battery storage and the renewables it supports have improved in less than a few years.
