batteries

“Despite strong technology leaps in batteries, electric cars, and automobile efficiency, we are still as dependent on oil as ever.”

“It happened in solar. It then happened in wind. It's happening in batteries. It'll happen in electrolyzers.”

“In fact, rather than making 40% of batteries, like Obama envisioned, we now make Just over five percent.”

“They have not had a liquid market, really. They're not a lot of big, huge OEMs just churning, churning out batteries, and there will be as a result. Of all of this funding, and I think that will change the equation, too, because in addition to interconnection,…”

“I think the second thing is indeed to what extent we keep underestimating the speed at which solar and batteries to some extent also wind, but to a less extent have achieved cost savings and actually are deployed.”

“So the first wave of cost down for solar and batteries was actually largely driven by R&D. These were advances in cell chemistries increases in efficiencies, and so on. It really drove the cost down. But already in the last decade for both of these technologie…”

“I think batteries are going to be as big in industry, if not bigger, than solar in a lot of ways because of their impact on automotive.”

“That said, I think that load growth will probably increase under Trump. If he's successful in everything he wants to do, he will, if we onshore manufacturing and do all these things that will drive up load growth, that will drive up the need for batteries.”