Batteries are on my mind this week. (Aren’t they always?) But I’ve got two extra reasons to be thinking about them today.
First, there’s a new special report from the International Energy Agency all about how crucial batteries are for our future energy systems. The report calls batteries a “master key,” meaning they can unlock the potential of other technologies that will help cut emissions. Second, we’re seeing early signs in California of how the technology might be earning that “master key” status already by helping renewables play an even bigger role on the grid. So let’s dig into some battery data together.
1) Battery storage in the power sector was the fastest-growing commercial energy technology on the planet in 2023.
2) Batteries are starting to show exactly how they’ll play a crucial role on the grid.
3) We need to build a lot more energy storage. Good news: batteries are getting cheaper.