While Tesla’s Gigafactory may not yet be fully operational, the global energy storage market has taken off and continues to gain momentum as building owners and utilities recognize the potential financial and reliability benefits. And unlike the battles over solar, energy storage is shaping up to be a win-win for both CRE users and utilities.
But this was not always the case, according to Janice Lin, Chairperson of the Global Energy Storage Alliance. Just a few years ago, Southern California Edison was one of the staunchest opponents of energy storage, yet now they are advocating for 10 gigawatts of storage deployment in California by 2030.