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Summary
The U.S. energy storage industry has a powerful set of new tools in 2023 to help decarbonize the nation’s power grid. The Inflation Reduction Act created an up to 30% investment tax credit for stand-alone energy storage projects, along with a host of additional incentives for qualifying solar-plus-storage and stand-alone installations. In place for the next decade, the expanded federal tax credits are widely expected to catapult battery storage assets well beyond early adopters in California and Texas.
Join our panel of experts to discuss the opportunities and the considerable challenges ahead.
- Growth estimates for front-of-meter, behind-the-meter and solar-plus-storage projects
- Cost competitiveness of energy storage
- Strategic storage opportunities at retired coal plants and other fossil fuel-focused “energy communities”
- Limitations to growth, ranging from supply chain shortages to interconnection bottlenecks
- Energy storage performance
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Moderator
S&P Global Energy
Garrett Hering
S&P Global Energy
Senior Reporter
Garrett is a veteran energy reporter whose career tracks the emergence of renewables from laboratory curiosities
Garrett is a veteran energy reporter whose career tracks the emergence of renewables from laboratory curiosities and niche applications to mainstream power sources and major investment opportunities. He is well versed in the physical, regulatory and financial risks and rewards that solar, wind, energy storage, electric vehicles, hydrogen, grid software and other technologies represent for conventional and emerging power players. His recent work includes deep dives on the impact of EVs on the global economy; supply chain challenges associated with battery storage; and grid reliability in renewables-rich California and Texas.
Speakers
S&P Global Market Intelligence
Steve Piper
S&P Global Market Intelligence
Director, North American Power and Renewables
Steve Piper is Director of Energy Research with S&P Global Market Intelligence. He has been with the company since 2009. Steve specializes in market price forecasting, economic feasibility assessment, demand forecasting and environmental analysis. Steve manages strategic research and forecasting for SNL Energy’s clients in the utilities, natural gas and coal industries.
Prior to his role at S&P Market Intelligence, Steve held positions at Platts, RDI and RCG/HaglerBailly.
Steve earned a Bachelor of Arts from Grinnell College and an Master in Project Management from the School of Public Affairs at University of Maryland-College Park.
Sam Wilkinson
Director, Clean Technology and Renewables
Sam Wilkinson is an expert on the solar PV, batteries and energy storage industries. He is an director within the Clean Energy Technology & Renewables research team at S&P Global Energy.
Sam Wilkinson is an expert on the solar PV, batteries and energy storage industries. He is an director within the Clean Energy Technology & Renewables research team at S&P Global Energy. Sam coordinates and contributes to a wide range of custom research, consulting, and advisory projects, in addition to continued contributions to the team's syndicated research products. His areas of expertise are solar PV, battery technology and supply chain, and battery energy storage (for grid applications). Upon joining the team in 2008, He was responsible for researching the photovoltaic (PV) inverter market and the PV module and polysilicon supply chain, working closely with leading global suppliers to develop detailed analysis on these markets. He has also been responsible for establishing primary research reports focusing on solar demand and policy, complementing S&P Global Energy extensive research of the complete PV supply chain. Building on his experience in the solar research team, Sam established the Clean Energy Technology team's coverage of energy storage in 2012, covering a wide range of topics within this fast-developing sector, including the development of battery technology and the battery supply chain. Sam analysis and commentary is regularly published by leading PV and energy industry media and the global press. He has also presented at many leading industry events and conferences and previously worked in structural engineering. Sam holds a bachelor's degree in math and engineering from the University of Nottingham, United Kingdom.
Julie Blunden
Plus Power
Chief Operating Officer
Over more than 3 decades, Julie has rapidly grown emerging energy companies to leaders in their sectors from power generation to retail power, solar, energy storage and EV fast charging. In her executive roles at EVgo, SunPower, Green Mountain Energy, KEMA Xenergy and SunEdison, Julie has raised billions of dollars from the public and private capital markets to scale market expansion, manufacturing and customer acquisition.
Over more than 3 decades, Julie has rapidly grown emerging energy companies to leaders in their sectors from power generation to retail power, solar, energy storage and EV fast charging. In her executive roles at EVgo, SunPower, Green Mountain Energy, KEMA Xenergy and SunEdison, Julie has raised billions of dollars from the public and private capital markets to scale market expansion, manufacturing and customer acquisition. She served as Chief Executive Officer, President and Director of ClimateWorks Foundation, a wide variety of not-for-profit and trade group Boards of Directors, and began her career with a decade at AES. Julie currently serves as Board Chair New Energy Nexus Catalyst and Board Member of New Energy Nexus Ventures where she leverages her experience to support diverse energy entrepreneurs around the world to achieve a 100% clean energy economy for 100% of the population.
John Zahurancik
Fluence
Senior Vice President, President of Americas Region
As president of the Americas at Fluence, John is responsible for go-to-market implementation and honing customer-centric solutions for customers in the region. Prior to this role, John acted as chief operating officer where he directed the Fluence teams that create and deliver storage solutions and services to leading customers around the world. Working with progressive power system players, John and his teams create valuable business use cases for grid-scale storage, educate storage users in these benefits, manage the deployment of new systems, and help service these systems throughout their complete lifecycle.
As president of the Americas at Fluence, John is responsible for go-to-market implementation and honing customer-centric solutions for customers in the region. Prior to this role, John acted as chief operating officer where he directed the Fluence teams that create and deliver storage solutions and services to leading customers around the world. Working with progressive power system players, John and his teams create valuable business use cases for grid-scale storage, educate storage users in these benefits, manage the deployment of new systems, and help service these systems throughout their complete lifecycle.
John was a cofounder of AES Energy Storage in 2007, a recognized market leader, and led AES' team in pioneering nearly 500MW of utility-scale applications of battery-based energy storage projects in the U.S., Chile, the Netherlands, Northern Ireland, the Philippines, and the Dominican Republic.
Accomplishments include the deployment of the world’s largest grid connected lithium ion battery (five times), the first power purchase agreement for energy storage at the 100MW Alamitos Power Center, and the first multi-megawatt scale storage systems approved in six countries.
John is a regular industry speaker on energy storage, innovation, and leadership and is often quoted on these topics in mainstream and industry journals. Prior to energy storage, John worked at AES in retail power and fiber telecommunications, and as a consultant and market analyst to the telecommunications industry.
John holds a master's degree in public policy from the University of Michigan and a bachelor's in economics and social science from Florida State University.
Gabe Murtaugh
California ISO
Storage Sector Manager
Gabe is the storage sector manager at the California ISO and focuses on strategy for grid evolution as the California energy market moves toward reduced greenhouse gas emission objectives.
Gabe is the storage sector manager at the California ISO and focuses on strategy for grid evolution as the California energy market moves toward reduced greenhouse gas emission objectives. Gabe oversees development of storage modelling and development for tools available to operators managing storage resources on the California grid in real-time. Gabe has over 10 years of experience developing ISO market policy and performing ISO market monitoring services. Gabe holds a master’s degree in economics and an undergraduate degree in computer science and engineering.
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