Energy storage and real estate

Do we need energy storage solutions?

“We need energy storage solutions to make them permanent,” says researcher and electric battery expert Philippe Knauth in an interview for bbva.com. He also points out that the democratization of energy depends on “the combination of renewable energies and energy storage.”

Are residential energy storage systems valuable?

With each passing year, US households install more residential energy-storage systems as storage prices fall and the value increases. These systems could be surprisingly valuable to local grid operators.

Is energy storage a permanent solution?

Despite the uncertainty of future economics, the trend is clear: energy storage is here to stay. The high capital expenditure, long storage system lifespans, and uncertain policy changes make costs uncertain, but the still-falling costs and exponential increase in capacity demonstrate this.

Is residential energy storage outpacing expectations?

The rapid growth of residential energy storage is outpacing expectations. While larger batteries are also critical segments of the energy-storage market, household systems will likely become important assets sooner than many expect.

Is energy storage economically viable?

Energy storage makes economic sense when compared to the cost of building new fossil fuel generation plants or transmission and distribution (T&D) infrastructure. These are the second most important areas that have seen a sharp uptake in energy storage in the past two years. Energy storage is another way to make economic sense.

Do residential energy storage owners get paid?

Yes, residential energy-storage owners can get paid for feeding power from their batteries to the grid during peak demand periods. Some local utilities have established programs that offer compensation, such as a credit on the utility bill, in exchange for this service.