Noah Barrett, lead analyst on the Energy & Utilities Sector Research Team, discusses the importance of battery storage as renewable sources become a larger portion of the power generation mix.
- Battery storage will play an important role in allowing renewables to become a larger percentage of the power generation mix.
- Current battery technology has limitations and advances will be necessary for efficient, utility-scale applications.
- New technologies present both investment opportunities and risks. Ultimately, the scalability of storage solutions will determine how fast the renewables transition can take place.