In the past year or so, the cost of battery backup at the grid level began transitioning toward affordability. “They’ll be especially prevalent in the electric industry, as utilities and other companies use huge battery banks to help stabilize the electric grid and homeowners start pairing rooftop solar systems with batteries to store excess energy from the sun for nighttime use,” according to The Kiplinger Letter’s Tech Alerts e-newsletter. With three companies in the Palm Springs iHub — including Sac Tec Solar, Indy Power Systems, and EV Enterprises — and several local solar installers offering battery backup, Greater Palm Springs is well positioned to benefit economically from this pricing trend.
Greater Palm Springs Poised to Thrive in Emerging Field of Energy Storage
About the Author: Coachella Valley Economic Partnership
CVEP is a nonprofit economic vitality organization devoted to attracting, retaining and expanding business and developing a high-skilled workforce to enhance the economy and quality of life of the region.