Bloomberg New Energy Finance reports 5.8 gigawatts of operating US solar generation is now co-located with energy storage as of May 2021. And there’s another 28 GW combined with 39 GW hours of battery storage in some stage of permitting and securing financing for start up in the next couple years.
Including storage capacity at facilities is the biggest step yet tackling what’s still solar energy’s biggest hurdle to growth, intermittency. And as battery technology develops, the industry will near its ultimate goal of making solar plus storage actually dispatchable to grid operators.
Not surprisingly, the leading US developer is Conservative Holding NextEra Energy (NYSE: NEE). But after racing to a new all-time high in January and despite posting consistently strong results—as well as a 10 percent dividend increase—shares are actually under water for 2021.
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