Now is the time for existing utilities, IPP generation asset owners, and new facility investors to embrace the maturing of storage technologies, the decrease in prices for deployment, and a more promising regulatory environment. Simple paybacks for installations in the most prime areas will typically be in the 1-3 year range. This should stimulate development for new storage elements at existing generation sites, as well as grid-critical substation nodes. The changes brought about by deployments of utility scale storage will be as profound as the penetrations of renewable sources and cheap natural gas, and at least as fast. |