Energy storage is on the rise in the USA due to new decarbonisation targets and higher percentages of variable renewables in the grid, according to NREL. Energy Storage will grow up to 650 GW by 2050. Also, the Biden-Harris administration aims to reach a net-zero goal by 2050.
The industry is also full of challenges. Energy storage project developers face a patchwork of regulation and permitting processes throughout the country which means entry barriers are high. As business models aren’t standardised, each project requires time to work out a monetisation strategy.
Industry competition is rife, supply chains are clogged with bottlenecks, and costs have been going up relentlessly for the last few months.
RENMAD Storage USA 2023 says it will resolve the top challenges on your list as well as give you key knowledge.
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