![Solar panels need batteries to properly optimize their energy generating capacities. Image courtesy of Wikimedia Commons / [[User::DDDDDDDDD|:DDDDDDDDDDD]].](https://archinect.gumlet.io/uploads/5c/5cce378c228ccc4dcbc6bc7d312fed2c.jpg?auto=compress%2Cformat "Solar panels need batteries to properly optimize their energy generating capacities. Image courtesy of Wikimedia Commons / [[User::DDDDDDDDD|:DDDDDDDDDDD]].")
manufacturing of lithium-ion batteries is scaling up rapidly to meet the growing demand for electric vehicles and large systems installed in power grids or at solar farms. As prices for lithium-ion batteries drop — they fell by half from 2016 to 2019, according to BloombergNEF — banks are taking another look. — The Los Angeles Times
The Los Angeles Times takes a look at the growing viability for utility-scale battery operations.
One stumbling block for municipalities and building operators alike has been finding affordable battery storage options to keep sustainably generated energy flowing when the sun isn't shining and the wind doesn't blow. A key problem in the widespread deployment of these energy storing units is finance: The investment required to bring these units online is viewed as a risk by banks and other lenders.
Increasingly, according to the report, however, banks and other financial institutions are moving to embrace the financial promise of boosting the development and deployment of these technologies, a trend that will surely help decarbonize the building sector.
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