Energy Storage Is America’s Industry to Lose

Energy Storage Is America’s Industry to Lose

Mar 21, 2017

by Margarita Fournier; Copyright 2016 by Competitive Assets, LLC.  All rights reserved

On 3/20/17, EE News reported that “a growing number of experts believe that energy storage will be worth tens of billions of dollars in revenue within a decade, regardless of what the Trump administration does to harm or help. Batteries will start showing up everywhere, sending shock waves through the auto industry, the electric grid, the petroleum industry, and the broader power sector, adding tens of thousands of manufacturing jobs to the economy.” But one of the main questions is whether the industry will develop in the US or, instead, go to Asia. This article comprehensively “explores what it would look like for the United States to seize the coming energy storage industry. Based on interviews with dozens of industry insiders, it looks at the opportunities and challenges, the prospects for jobs and where the emerging hubs are, from Silicon Valley to North Carolina.”

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