Finding ways to fund energy storage projects continues to dog developers even as the sector moves increasingly towards mainstream acceptance in the US. A YieldCo is a publicly traded company that delivers dividends from a growing portfolio of generation assets, attracting investment that can then be ploughed back into new projects.
Continued growth in the popularity of solar yieldcos is raising questions around how well the model can work outside of the US. Recent weeks have seen announcements relating to two new yieldcos in Canada plus one in Taiwan.
Vermont-based Green Mountain Power’s eagerness to embrace Tesla’s Powerwall groundbreaking recyclable battery for home and business puts the utility among a small but growing group of energy providers that see energy storage as an opportunity rather than a threat and are devising new business models and strategies to support it.
“We think of it as all opportunity,” said Josh Castonguay, director of generation and renewable innovation at Green Mountain Power, which is also investing in distributed solar. Tesla CEO Elon Musk was upfront about what Powerwall meant for utilities when he unveiled the product last month. “You could actually go completely off-grid,” he said.
Tesla’s early success in the energy storage market is raising questions over whether nearby Silicon Valley firms might follow suit. Apple and Google are just two consumer technology giants that could make a play for the sector. - See more at: http://energystoragereport.info/#sthash.VMuCuI3I.dpuf