Factor This!

Battery storage is booming. Now what do we do with it?

June 19, 2023 Renewable Energy World Season 1 Episode 52
Battery storage is booming. Now what do we do with it?
Factor This!
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Factor This!
Battery storage is booming. Now what do we do with it?
Jun 19, 2023 Season 1 Episode 52
Renewable Energy World

In the spring of 2016, Jeff Bishop was developing wind projects when he came across an analyst chart that caught his eye.

Battery storage, the analysts forecasted, would follow a similar cost curve as solar. Costs would plummet as deployment ramped up to support a grid ever more dependent on intermittent renewable energy resources.

Bishop quit his job by the summer and launched Key Capture Energy, a developer, owner, and operator of grid-scale battery storage projects.

Turns out, the analysts were right. Seven years later, battery storage deployment is booming.

But the industry is still finding its way. Developers and regulators face questions about how to best use batteries, and what policy structures are needed to facilitate deployment. Moreover, the industry is learning on the fly about how these assets will perform under various state and utility demands.

Bishop joined Episode 50 of the Factor This! podcast to break down how states should, and shouldn't, go about procuring battery storage, and why software is a crucial piece of the puzzle. Plus, stick around for the inside story of how Key Capture went from the brink of insolvency to raising $100 million.

Registration is LIVE for GridTECH Connect Forum - California. Join us in Newport Beach June 24-26 for the interconnection event. We're bringing together utilities, developers, and regulators to take on one of the biggest challenges facing the energy transition. Click here to save 10% on your ticket.  Join partners from PG&E, CAISO,  ENGIE, AES, and more.


Watch every new episode of the Factor This! podcast on the Renewable Energy World YouTube channel, and make sure to subscribe while you're there! 

Show Notes

In the spring of 2016, Jeff Bishop was developing wind projects when he came across an analyst chart that caught his eye.

Battery storage, the analysts forecasted, would follow a similar cost curve as solar. Costs would plummet as deployment ramped up to support a grid ever more dependent on intermittent renewable energy resources.

Bishop quit his job by the summer and launched Key Capture Energy, a developer, owner, and operator of grid-scale battery storage projects.

Turns out, the analysts were right. Seven years later, battery storage deployment is booming.

But the industry is still finding its way. Developers and regulators face questions about how to best use batteries, and what policy structures are needed to facilitate deployment. Moreover, the industry is learning on the fly about how these assets will perform under various state and utility demands.

Bishop joined Episode 50 of the Factor This! podcast to break down how states should, and shouldn't, go about procuring battery storage, and why software is a crucial piece of the puzzle. Plus, stick around for the inside story of how Key Capture went from the brink of insolvency to raising $100 million.

Registration is LIVE for GridTECH Connect Forum - California. Join us in Newport Beach June 24-26 for the interconnection event. We're bringing together utilities, developers, and regulators to take on one of the biggest challenges facing the energy transition. Click here to save 10% on your ticket.  Join partners from PG&E, CAISO,  ENGIE, AES, and more.


Watch every new episode of the Factor This! podcast on the Renewable Energy World YouTube channel, and make sure to subscribe while you're there!