Source: S&P Global
The COVID-19 pandemic has created bumps on the road to battery storage for renewable power generation in the U.S., but the technology has gathered enough momentum that any difficulties are only expected to delay, not block, eventual widespread adoption, S&P Global reports.
"Battery storage developers are facing some of the same issues with COVID-19 with respect to labor issues and supply chain issues," said Mona Dajani, Finance partner and co-head of the energy and infrastructure projects team at Pillsbury. "It's definitely impacting financing and construction."
“Demand for battery storage is still strong, while some planned projects may not go forward, at least in the short-term, the disruptive nature of the pandemic makes a case for having battery storage reserves,” said Dajani. "I think that COVID-19 is really highlighting, ironically, some of the issues that are making energy storage so important.”
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