Feb 11, 2020 - Energy & Environment
California power crisis charges up battery sales
Sales of residential batteries in California are expected to quadruple this year to over 50,000 storage systems, the research firm BloombergNEF said in a short new analysis.
Why it matters: It adds specifics to the expectation that power outages — notably widespread blackouts by utilities seeking to cut wildfire risk — will juice sales.
- "[C]ustomers installing solar are willing to pay a premium to add storage for backup," they said in the short report.
The big picture: They note it's an opportunity for solar companies that also offer batteries.
- "Storage sales have been increasing quickly due to generous subsidies, time-of-use tariffs and solar companies eager to upsell," it states.
Go deeper: California is on track to miss its 2030 greenhouse gas target