Illinois’ 3-gigawatt target is evidence that the market is organizing around storage — and that the buildings that can manage peaks and ride through volatility will have an easier time delivering electrification without sacrificing NOI.
The $2.86 billion transaction Honda just struck with LG Energy Solution is the kind of supply-chain move that eventually shows up in your electrification budgets — especially if you are underwriting batteries for demand-charge savings, EV charging, or microgrids.
In December, the New Orleans City Council approved a $30 million, three-year “Neighborhood Power Plan” to pay for solar-tied batteries and coordinate those systems as a single, dispatchable resource — a virtual power plant. For commercial real estate owners, investors and planners, it’s a signal that VPPs are leaving pilot-land.
A lithium-ion battery container at a grid-scale energy storage site in Warwick, N.Y., caught fire late Friday, December 19th — a reminder that for commercial real estate owners, adding batteries includes permitting, public trust and how quickly a single incident can reshape the politics of “yes.”
With stationary battery pack prices plunging 45% to $70/kWh, commercial real estate owners have a new, affordable weapon to combat rising utility costs and manage the surging energy demands of the AI and EV era.