In the newest episode of Resilience, Pillsbury’s Shellka Arora-Cox and guest Adam Hise, Managing Director of Storage Risk Solutions for Ascend Analytics, dive deep into the evolving world of battery storage, market volatility, and how companies are navigating risk in a dynamic energy landscape.
In the latest episode of the Resilience podcast, colleague Shellka Arora-Cox and Laura Pagliarulo, CEO and founder of SolaREIT, get down to the nitty-gritty in a discussion of the interplay of solar power capacity, generation and land use.
In 2023, the world added an impressive 45 gigawatts/97 gigawatt-hours of energy storage capacity, nearly tripling year-on-year growth, with the majority driven by battery storage installations. The global energy storage market is projected to continue its rapid expansion in 2024, adding over 100 gigawatt-hours of capacity, primarily from the United States and China. In the United States, battery storage capacity on the grid has grown tenfold to 16,000 megawatts, with expectations to double again this year, led by significant growth in Texas, California and Arizona.
A distinguished panel of energy storage developers convened at the 2024 Infocast Energy Storage Finance & Investment Summit in San Diego to discuss the current market dynamics and future trajectory of energy storage. The following is an edited transcript of their discussion.
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