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About the Episode:
Joan White, SEIA’s Director of Energy Storage Policy, takes us deep into her world, underscoring the indispensability of energy storage technology for achieving 80%+ renewable energy penetration. Amidst discussing the Inflation Reduction Act's role in propelling domestic manufacturing and addressing past industry challenges, Joan offers insights into ensuring a resilient and durable energy storage market.
This discussion not only highlights the importance of policy and market readiness but also provides guidance for startups navigating the energy sector.
Are you eager to explore the energy transition's next (perhaps final) frontier?
How To Build A Better Grid That Can Reach Our Clean Energy Goals by Joan White (republished from SEIA)
NFPA 855 Standard for the Installation of Stationary Energy Storage Systems
Check out Episode 547 with Shawn Rumery, Research Director at SEIA
Check out Episode 274 with Will Mitchell of Strata Solar, which talks about resource adequacy in California Energy Markets
Key Takeaways:
Domestic Manufacturing IS Coming: Provisions in the Inflation Reduction Act, like tax credits and incentives, are expected to significantly boost the energy storage market starting in 2024.
Battery Factories Will Still Take Time: Energy storage facilities coming online between 2027-2030 will help meet domestic manufacturing needs by around 2030, with the bulk of that coming closer to the end of the decade.
New Incentives Abound: Incentives like New York's proposed index storage credit aims to provide the "missing money" needed to finance storage projects through long-term revenue certainty.
Training in Fire Safety: Training on NFPA 855 fire safety standards is critical for safe installation of behind-the-meter storage systems.
NOTEWORTHY QUOTE:
“It’s true that all of the energy market is driven by policy, policy is driven by politics. [That’s] why it’s so important that people get out and support candidates who can uphold the IRA, and make sure that we have the support that we need to make the green revolution happen.”
Thanks again to this week's sponsor, helping keep the podcast FREE to you!
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ABOUT THE HOST OF SUNCAST:
Nico Johnson is the creator and host of SunCast, consistently rated a top solar podcast in the clean energy sector. The content of the show is geared towards listeners looking for insights on where the markets are headed, how to position themselves or their companies, and what today's market leaders do to stay ahead of the pack.
Nico is an Investor, Executive Coach, and 16-year veteran of the solar industry, having led development in the US and Latin America for global companies like Trina Solar and Conergy.
You can connect with Nico Johnson on Twitter, LinkedIn or email.
If you’ve been second-guessing your work decisions or maybe trying to reconsider how you "fit" in the renewable energy industry -> grab 20 minutes on Nico's calendar and discuss whether having him as Your personal coach might be the right next step.