Home News The US Energy Storage Market Kicks Into High Gear

The US Energy Storage Market Kicks Into High Gear

The US Energy Storage Market Kicks Into High Gear

Picture Credit: Duke Energy

The most recent numbers for U.S. energy storage action are out. They reveal a surge of activity coming over the next five decades, resulting in 6x market development.

By 2024, the storage market will be worth $4.7 billion dollars, driven equally by utility-scale and behind-the-meter battery jobs.

On this week's Energy Gang 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 area of the nation.

Where’s growth occurring, and what does it mean for grid planning?

Then, with many farmers in crisis, more of them are putting solar on their territory. That’s providing new sources of earnings, but many fear it could take prime croplands out of commission. How can we site solar on agricultural lands properly?

And finally, what is happening over at Tesla? We’ll make try to make sense of this confusing set of decisions at the business.

Recommended reading:

GTM: US Energy Storage Broke Records in 2018, but the Best Is Yet to Come

GTM: APS Plans to Add Nearly 1GW of New Battery Storage and Solar Resources by 2025

Washington Post: The Next Money Crop for Farmers

Interchange podcast: What's Up With Tesla Energy?

New York Times: Tesla Says Never Mind, It Raises Prices and Keeps Most Stores

Bloomberg: Musk Pledges Belt-Tightening as Tesla Cuts Prices, Warns of Loss

Support for this podcast comes from Dandelion Energy, the top home geothermal company. Dandelion is making it easier for homeowners to get geothermal. Customers who switch to geothermal heating save on average $2,250 each year.  See if your home qualifies.

We're also brought to you by Wunder Capital.  Listen to our professions episode produced with Wunder Capital. We talked with Wunder CTO Dave Riess concerning the frame he used to completely change his career path into solar — eventually co-founding a thriving company. Listen to that episode in The Interchange feed or find it .

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