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US co-ops ‘cashing in on energy storage’

Mon, 03/12/2018 - 13:25 -- John Shepherd
US co-ops ‘cashing in on energy storage’

The value of the US battery storage market could grow from $300 million a year to as much as $3 billion by 2020— adding up to rich pickings for electricity distribution cooperatives, according to a new report.

Capital costs for battery systems could fall below $300 per kilowatt hour this year as “significant expansion” boost economies of scale for the manufacture of cells and battery packs, said the report by national rural industries finance institution CoBank.

 

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