Battery Storage

“So with our current product set today focused on battery storage, we're not making more electricity. We're just using it more efficiently to drive the cost down.”

“I think going into twenty-twenty, there was less than two gigawatts of total storage on the U.S. Grid. As of twenty-twenty-five, that number is like 40 gigawatts.”

“We hit a new net load record in ERCOT because it was a hot day, and we had 10 gigawatts of batteries dispatch, and so prices never got above 250 bucks a megawatt hour”

“Grid operators are benefiting from storage assets. That's just definitively true in all markets where storage has been deployed at scale, right? This stuff is working and it's helping to solve a lot of the problems that we have on the grid. And at the same tim…”

“Which is, you get a 30% base ITC. If you have domestic content, you meet the domestic content requirements, you're still eligible for a 10% adder, and if you deploy that storage system in an energy community, you get an additional 10% adder on top of that. So …”

“The installations in 2025 were around 250 gigawatt hours of energy capacity from batteries, and that's a 46% increase over the deployment in the previous year.”

“The implication to me is that batteries should be growing at roughly two to three times the rate that solar should to play catch up here. And so we have this, you know, we started off with this, like, very bullish solars meeting the vast majority of new, like,…”

“About 76% of the market was solar and wind when we first got going. It is now significantly diversified Into advanced manufacturing, clean fuels, minerals, nuclear, battery storage, which is booming as a category and making up a much larger share of the tax cr…”

“I think the growth in terms of deployed gigawatts from 24 to 25 was about a 72% improvement or growth rate.”

“And so we see cyclically in another couple of years, the prices will start to come back in ERCOT and people will start to make money again.”

“My sense is that all those two-hour battery storage deals that we just mentioned at data centers, they still have gensets, likely diesel for those longer duration emergency events, and they're not at all mutually exclusive, and in fact, it may be that predomin…”

“And we expect to see something similar in the battery storage and other clean technologies, so that's why”

“And the way I would describe the paradigm shift very simply is the last five decades of energy have been defined by coal and then natural gas. And the next five decades of energy will be defined by solar and battery storage. And by the way, it has nothing to d…”

“If you want to put a hundred megawatts of batteries on the grid today, depending on the state, it's going to take you anywhere from two to five years.”

“Energy and renewables, battery storage data centers, any one of the new kind of topics that are, or newer topics that are that are drawing a lot of growth equity and investment, capital investment.”

“That, I think, is the only thing that's going to stay in the way of storage getting adopted, and I think the numbers that, that, you know, we've been citing, I think those are conservative. I think they factor in a lot of these artificial barriers that could c…”

“We now have over a thousand batteries in the ground and we've kind of earned the right to unlock new problems that we have to go figure out.”

“If you, if you're focusing on costs and carbon emissions, you will always see a combination between renewable technologies and In some gas fart engines for backup reasons or for resiliency reasons, right? It's pretty bad idea from an economic perspective to ha…”

“Battery storage will be heralded as the savior of the grid a year from now, and we will deploy 10 times as much battery storage as we deploy natural gas.”

“And the back of the envelope math says, well, in order for Germany to be a hundred percent renewables plus a hundred percent battery, the battery piece of that equation was 270 trillion dollars.”

“The initial playbook and thinking around this was very clearly build the most awesome appliances and you Trojan horse batteries into everyone's home.”

“If the battery had enough, you know, energy to kind of cycle for a couple of days, if we're thinking about long duration storage distinguishing between a full year analysis versus a daily analysis is important, but if your battery has four hours, then it reall…”

“You know, we've got 80 gigawatts of battery storage in the queue to interconnect into the ERCOT grid at, right now.”

“A lot of these laws will make that battery storage even more economical, even if it's going to hurt future wind and solar projects.”

“New York has a six gigawatt goal. You know, our modeling suggests, you know, New York will need anywhere from 20 to 40 gigawatts of just basically four hour duration batteries.”

“Well, you can have enough batteries if you have enough land to do a day or so, but it's the recharging of the batteries the next day that gets you in trouble. That's the same thing the state experienced during the last heat waves the last summer. They said we …”

“Like, we should not allow any electric vehicle charging stations to be installed without co-locating batteries at that location. It literally makes no sense, because that, that use case needs batteries to be co-located to minimize grid impacts.”

“Probably we're going to need to co-locate storage with a lot of these chargers. We're seeing some companies that are doing storage you know, integrating a storage solution from another provider, and other companies that are providing a storage and charger prod…”

“For many years over the last decade or so, there'd been this perception that lithium ion batteries, they just get cheaper over time. You would hear that again and again, this onward march of lower prices as the factories scale up, and that's a huge reason that…”

“The role of peaker plants is going to be moved increasingly to emergency situations, right? That you've got battery storage and lots of other technologies that are being used inside the Intermountain West. To be able to provide these sort of services. And so p…”

“I mean, the battery storage attachment rates increased significantly over the course of the last couple of years. It used to be two or three percent. Now it's like 25%.”

“And, you know, you'll lose some of that electricity in the round trip conversions to store it and bring it out. So you're actually, like, more carbon-intensive if you're storing carbon-intensive electricity.”

“Now, do I want to own the battery storage technology? Not really. Do I want to own Resi Solar? Not really. Those are kind of meh businesses. But do I want to own infrastructure that is the software layer? Absolutely.”

“Distributed energy, this convergence of renewables and battery storage is going to be a really big change. We, if I can summarize the opportunity, we've seen Uber where there's been excess capacity in the car fleet. The one place in infrastructure where there'…”