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Distributed energy storage is taking off
Jun 19, 2024
Peter Cavan, Senior VP at Convergent, discusses the growth of energy storage and its role in managing intermittent energy supply. Convergent operates over 800 MW of storage and 1 GWh of solar-plus-storage capacity. The podcast explores the evolution of distributed energy storage, utility integration, and future innovations in the sector.
18:35
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Quick takeaways
- Convergent Energy has over 800 MW of storage and 1 GWh of solar-plus-storage capacity, showcasing substantial growth in distributed storage market.
- Future prospects in distributed energy storage sector lie in geographical expansions and increased adoption in regions traditionally favored for solar, indicating a promising shift in the energy landscape.
Deep dives
Evolution of Distributed Storage Market
The electric sector, including storage developers, is experiencing significant changes with unprecedented growth. Factors like industrialization, increased demand for electric cars, and the shift towards electrifying processes are driving this transformation. Companies now face challenges to meet sustainability targets while ensuring grid reliability by incorporating solar and storage solutions.
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