“We believe strongly that energy storage will be a critical enabler of a zero-carbon future and that the storage market overall is poised for significant growth as more renewable energy is deployed across the U.S,” a spokesperson told Canary Media Friday.
That sounds like buying storage in spite of the economy. But there’s also an argument for storage as an antidote to the current energy price spikes.
“Energy inflation and price volatility are hurting businesses all across the economy — but it has also opened a lot of eyes to the importance of clean energy and energy storage,” FlexGen CFO Yann Brandt said Friday. “Every smart utility, co-op, [municipal utilty] and business is making plans that include a massive increase in energy storage. FlexGen is incredibly well positioned to capitalize on this opportunity.”
If fossil-fuel price fluctuations are a pain point, companies can reduce their exposure by locking in lower-cost renewable power. But to ensure they have cheap power at the exact right times, they need a means of storing clean energy — and right now batteries are the go-to option.
That sounds like buying storage in spite of the economy. But there’s also an argument for storage as an antidote to the current energy price spikes.
“Energy inflation and price volatility are hurting businesses all across the economy — but it has also opened a lot of eyes to the importance of clean energy and energy storage,” FlexGen CFO Yann Brandt said Friday. “Every smart utility, co-op, [municipal utilty] and business is making plans that include a massive increase in energy storage. FlexGen is incredibly well positioned to capitalize on this opportunity.”
If fossil-fuel price fluctuations are a pain point, companies can reduce their exposure by locking in lower-cost renewable power. But to ensure they have cheap power at the exact right times, they need a means of storing clean energy — and right now batteries are the go-to option.