Cleantech Group, Silicon Valley Bank, and Wilson Sonsini Goodrich & Rosati are excited to announce the latest in our Power Breakfast series:
Utility-scale, transmission-tied storage installations are being financed and built primarily by large, incumbent developers like AES and RES Americas. But batteries, like PV panels, are inherently modular. How then, is distributed energy storage rolling out? Start-ups and solar developers who place battery banks “behind-the-meter” at residential and commercial/industrial sites to provide demand charge management and to sell aggregated capacity services back to utilities have already had their model deemed “bankable” by major financial institutions like Starwood and Macquarie. Utilities are showing more interest in participating and owning such systems than with rooftop PV; for example, Pacific Gas & Electric is actively rolling out smart inverters in combination with solar and storage to its customers for real-world pilots. And now, Tesla believes it can deliver the full package to homeowners with its electric cars, solar panels on the roof through its acquisition of SolarCity, and a volume-manufactured battery bank mounted on the garage wall to manage it all.
To some, the space still seems speculative and niche-oriented, not least because California remains the epicenter. Where are the brag-a-watts and where is the real action in this growing sector? What risks do these business models face today and looking forward?
Attend this invite-only Power Breakfast to get the inside scoop, ask the tough questions and network with key stakeholders.