Climate Changed
Storms Spur $22 Billion Investment in Battery-Backed Grids
- Solar displacing diesel generators on islands, remote areas
- Developers will install 14.9 gigawatts by 2026, Navigant says
Refinancing Puerto Rico's Road to Recovery
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Growing demand for more resilient power supplies will spur $22.3 billion of global investment in battery-backed local energy systems over the next decade, according to Navigant Research.
Villages and homes in far-flung places will drive the expansion of microgrids, small-scale solar systems with batteries that can retain power until it’s needed. Navigant expects 14.9 gigawatts to be in operation in 2026, up from 238 megawatts this year, according to a report Tuesday.