Re-imagining the energy grid ... through batteries (Two Indicators) : Planet Money
Renewable energy sources, like solar and wind, have historically faced the challenge of intermittency, only generating power when weather conditions are favorable. To address this issue, the concept of battery storage emerged, aimed at making renewable energy available around the clock. After years of being a niche and expensive technology, battery storage experienced significant growth starting in 2021.
This article delves into the evolving energy market in California and Texas, two states at the forefront of battery storage development. In California, grid-scale battery storage has reached a capacity capable of powering millions of homes for several hours, and the growth shows no signs of slowing. The state’s supportive policies have played a critical role in this expansion, raising questions about the impact of such a system on the electrical grid.
Texas presents a different, more free-market approach toward energy. As the state with the second-largest battery storage capacity in the U.S., Texas recently tested its battery system under real-world conditions. The results of this test provide insight into whether large-scale batteries can effectively serve as a buffer to prevent blackouts, particularly during peak demand times or extreme weather events.
These narratives were sourced from our sister show, The Indicator, which shed light on the electric battery market's rapid evolution and its implications for energy reliability. The exploration of these two states highlights diverse strategies and outcomes in the renewable energy sector.
Hosted by Cooper Katz McKim, Darian Woods, and Wailin Wong, the episode features insights from the original Indicator producers and a team dedicated to ensuring accuracy and clarity in reporting. For continuous updates on market trends and energy insights, listeners can subscribe to the Planet Money newsletter.