As battery energy storage system costs keep dropping, utility companies are finding there has never been a better time to invest in reliable, renewable energy storage.
According to FlexGen, the nation's second-largest energy storage technology company, battery system prices have dropped nearly 20 percent during the past three years. Utilities and their customers are finding many reasons to power up.
“Affordability is driving this trend,” said Kelcy Pegler, CEO of FlexGen. “Battery systems are a more than 20-year asset that can deliver reliable, renewable power. We are proud to provide utilities with affordable solutions and help with their flexible generation needs.”
Pegler added, “Battery storage systems are a great investment for utilities that want to avoid costly infrastructure upgrades and enhance resiliency to combat increased natural disasters, such as cold weather events, wildfires and hurricanes.”
