Julian Spector of Canary Media reports on Equilibrium Power’s efforts to deploy more grid storage.
- Equilibrium Power is a company that is looking to scale the pace of battery deployment in competitive energy markets like Texas.
- The company pays battery owners for the right to bid their energy storage to the grid, essentially assuming risk, which gives battery developers the financial freedom to build more storage capacity.
- This solution will lower the cost of capital for energy storage and could lead to more widespread use of the technology in the future.
Read the full article here.