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Panelists: batteries strengthen reliability but financing remains the hurdle
Summary
Developers and AEP Texas said battery storage proved valuable during recent storms and complements renewables, but they flagged monetization and uncertain revenue streams as the key barrier to larger standalone deployments.
SAN ANGELO, Texas — On a San Angelo panel about emerging energy opportunities, developers and utility officials said battery storage has moved from a novelty to an operational tool but remains difficult to finance because revenues are intermittent and hard to predict.
"Battery storage is an interesting animal," said Kevin Parzic, senior vice president for development at Doral Renewables. "The difficulty is monetizing the revenue to offset the installation costs,"…
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