1. Renewables Gain Investors as Some Flee Oil, Gas, and Coal

    Renewables Gain Investors as Some Flee Oil, Gas, and Coal

    “There are concerns about financiers saying just wait and see, but I have not heard about anyone trying to renegotiate a project,” said Kelly Speakes-Backman, CEO of the Energy Storage Association, in an interview with POWER. Speakes-Backman is among the keynote speakers confirmed for POWER’s Distributed Energy Conference in Chicago, Illinois, Oct. 19-21.

    “I can tell you I don’t see this crisis impacting the long-term ability of storage to grow,” Speakes-Backman said. “We’re expecting a 300% increase in storage deployment this year, so even a 50% drop in that means we’re still doing well. I really feel like this is going to be a near-term situation for our industry. People have already begun to realize the importance of energy storage to decarbonizing the grid, and I don’t think that goes away with this crisis.”

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