Will Batteries Change the Power Grid?
by Judi Friedman, PACE (with special thanks to Joel Gordes)
Watch out! Natural gas expansion may turn out to be a stranded cost that we all pay for! The expansion of Tesla, the luxury electric car maker, into batteries for homes could make projects like the Eversource Northern Pass transmission project and the proposed natural gas pipeline expansion into a stranded cost. Perhaps someday even insurance companies may also provide insurance policy premium reductions for battery storage capabilities.
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