Declining electricity generation costs from renewables pose a risk to the economic viability of energy storage, because in the future it might be cheaper to simply install more renewables than build storage, according to Jessika Trancik, co-author and professor of energy studies at MIT. The study also found that while storage is becoming increasingly popular, there are still significant barriers for its widespread adoption. " costs won't fall and it could become redundant.
Declining electricity generation costs from renewables pose a risk to the economic viability of energy storage, because in the future it might be cheaper to simply install more renewables than build storage, according to Jessika Trancik, co-author and professor of energy studies at MIT. Currently, storage generally makes renewables more profitable, but if the industry doesn't "embrace energy storage where it adds value today" costs won't fall and it could become redundant.