Developer and installer, Borrego Solar Systems, is launching a new energy storage division. The division will focus on developing and constructing megawatt-sized energy storage systems as stand-alone units or devices to help integrate solar power and other renewables into the electric grid.
“We’re excited to launch this new chapter, as a way to further our mission of accelerating the adoption of renewable energy. Energy storage, and in particular the long-duration energy storage on which we’ll be focusing our efforts, is an important piece of what we need to effectively integrate more and more renewable energy into our electricity system, and it’s something that our customers, electricity regulators and policymakers are asking for,” said Borrego Solar CEO Mike Hall.
Borrego is entering the energy storage market at a period of rapid transition for the energy sector. The administration continues to invest in renewables and energy storage through the SunShot Initiative. For instance, as part of the Grid Modernization Initiative the Department of Energy announced $18 million to support six energy storage projects across the US in places including Chicago, Pittsburg and Hawaii.
Legislation is also emerging that will help ease the cost of investment in solar battery storage systems. Bipartisan efforts in the Senate by Martin Heinrich (D-NM) and Dean Heller (R-NV) to introduce a bill called the Energy Storage Tax Incentive and Deployment Act (S. 3159) would extend investment tax credits to potential commercial and residential customers interested in installing solar.
“We’re realizing that all across our customer base from cities, school districts and public agencies to businesses, manufacturers and electric utilities, it is more frequently making economic sense to evaluate energy storage in conjunction with solar,” said Berwick. “We knew that this technology shift was around the corner given the changes happening to the grid as we add more wind and solar power to it. As climate change becomes an increasingly present danger, and the need to decarbonize our electricity system more immediate, the distributed energy marketplace will demand greater amounts of flexible energy storage. We’re now prepared to meet that need.”
The combination of grid modernization, implementing innovative PV technology, and battery storage systems will create increased commercial and residential customer access to affordable and clean energy options.Tweet