Source: John Rae
The use of rechargeable batteries – in everything from iPhones, TV remotes, and even cars – has become pervasive over the past few years, especially as they have become more affordable. So why can’t we use them to help power our homes and businesses, too? The idea isn’t that complicated. But the cost of large-scale energy storage is still prohibitively high.
However, in select markets, like Hawaii’s commercial building market, privately connected battery storage is already cheap enough, compared to utility rates, to warrant installation. Furthermore, other energy storage markets, like California and New York, could reach the point of commercial viability in the next ten years – and not just for commercial buildings, but the residential market, too. Read More