How Made-In-America Battery Technology Can Help Make America Great Again

As published on Forbes.com
Written by Matt Roberts
Executive Director, Energy Storage Association
 
The U.S. is facing a tremendous, once-in-a-generation economic opportunity to seize an emerging $450 billion global market over the next 25 years in advanced energy storage manufacturing. At a time when our nation’s economic recovery is paramount, we cannot allow other countries to cement their position as the suppliers of the advanced energy economy while the United States drives market demand.
 
Demand for energy storage systems – both in vehicles and stationary grid-connected systems - is already transforming how we generate, distribute, and consume energy and creating billions of dollars of annual market demand around the globe.
 
More than 500,000 Americans and rising are already driving electric and hybrid vehicles, accounting for more than 30% of global demand. Surging US markets for ‘stationary’ storage that make the grid more flexible, efficient, and resilient spurred 256% growth in system deployments - with more installed in just the last quarter of 2015 than the previous two years combined.
 
These two thriving markets are intrinsically entwined, both critical to the transformation of the power sector and the modernization of our energy economy. More Americans driving EV’s is creating new dynamic demands on our electric grid and transforming load curves, while stationary systems are creating a more reliable and responsive grid, increasing system efficiency, and allowing us to better utilize all of our energy infrastructure.
 
It is not a question of when - energy storage is here today. Beyond just ensuring backup power, energy storage drastically improves the performance and flexibility of the entire grid, balancing all types of dynamic generation and demand and better enabling the integration of solar and wind energy systems.