Median utility-scale storage projects will hit 2 GWh in two years
Jeff Waters · What’s next for the battery storage boom? [partner content] · Apr 23, 2025 · at 15:44
Powen CEO Jeff Waters discusses the scaling trajectory of utility-scale energy storage systems with host Stephen Lacey.
0:00 / 0:12exact quote · 12.4s
720p mp4 · rendered on demand · StarZero watermark
“I would expect, if we were to even talk two years from now, I think two gigawatt hours would probably be the size of projects that will be more the median than even the maybe 800 megawatt hour that you have today.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Jeff Waters
Waters: US energy storage success requires partnering with Chinese companies
“The only way we're going to get anywhere in the U.S. Market with storage is by partnering with the Chinese.”
Waters: SMRs will not be a viable power source until the mid-2030s
“The challenge there is that between permitting and technology development that needs to happen, you're probably talking about, you know, mid 20 thirties before you see that become a real play.”
LFP battery pricing could drop to $25 per kWh within years
“There's a decent likelihood we'll continue to see pricing go down. You know, I've heard some claims that you could see it go down as far as, you know, from 50 dollars down to even 25 dollars over the course of the next couple of years. I think it's realistic t…”
Waters: 8- to 12-hour storage applications will emerge and surpass LFP
“But you will start to see more eight-hour, twelve-hour type applications emerging. And I think as that happens, you'll see other technologies kick into gear that will enable that better than LFP.”