Can Energy Storage unlock a “Solar-Plus-Storage-Powered Future” for the largely yet-to-be-disrupted Commercial and Industrial segment of solar? Today’s guest, Yotta Energy’s CEO, Omeed Badkoobeh, believes it can, and we get into the innovative storage technology they’ve created to address this behemoth and largely untapped market.
Of the more than 22 GW of corporate renewable energy deals announced since 2008, more than 15 GW of these deals were announced since 2018, according to the Renewable Energy Buyers Alliance (REBA) Corporate Renewable Energy Deal Tracker. Further, projections show that just within the Fortune 1000, C&I customers will need up to 85 GW of renewable energy through 2030. Many developers & Installers today agree with REBA that solar growth in the U.S. and globally will come not from huge Utility segment, but from expansion in this commercial and industrial segment. So, if this is the case, how do these developers add energy storage capacity in an environment where real estate is priced (and valued) down to the square foot?
Despite the current situation around the world, long-term demand for C&I solar should remain strong for the foreseeable future.