Energy storage is a game-changer for the distributed renewable energy (DRE) industry. It makes solar, wind, hydro and other renewables reliable for 24/7 in remote and off-grid areas without the need for costly grid extensions.

By storing excess energy and shifting it to when demand is highest, storage keeps the lights on, lowers costs, and boosts affordability. It also powers mini-grids, maintains supply during outages, and supports local industries. These are key drivers for economic growth in emerging markets.

On top of all these, the technology has become much more affordable. Over the last decade, lithium-ion battery prices have dropped from $780/kWh in 2013 to $139/kWh in 2023 (Bloomberg). This dramatic fall shows that storage is ready for large-scale deployment in DRE projects worldwide.

Of course, there are still some challenges. Batteries often rely on critical minerals like lithium, cobalt, lead and nickel. These are resources that are geographically concentrated and create supply chain risks. But here, too, DRE can help. Many members of the Alliance for Rural Electrification (ARE) provide solutions that electrify industrial sites such as mines with renewables, ensuring a stable supply of electricity even in remote areas.

Another way to decrease supply chain risks is recycling and reuse. By extending the life of batteries, the sector can reduce dependence on new extraction while building stronger, more sustainable supply chains.

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