BNEF Brief: Blackout Puts Spotlight on the Solar Panel Battery Market

The video discusses the increasing need for backup power systems due to the unreliability of the grid. It covers the costs and economic considerations of battery storage systems, noting that while prices are decreasing, they are still high. Future projections suggest that storage will become more affordable by 2025 for some, but many are already purchasing systems due to power outages. The video also explores potential solutions for California's grid issues, including undergrounding transmission lines, building microgrids, and subsidizing storage purchases.

What is a major reason people are considering personal backup power systems?

• Generators are becoming more expensive.

• The grid is no longer fully reliable.

• The grid is 100% reliable.

• Solar panels are mandatory.

How much have the costs of storage systems decreased annually in recent years?

• 10%

• 5%

• 20%

• 16%

Why might people not make rational economic decisions during power outages?

• They are waiting for government subsidies.

• They are calculating long-term savings.

• They have too much information.

• They are focused on immediate needs.

What is one potential solution for California's grid issues?

• Decreasing grid investment.

• Increasing fossil fuel usage.

• Building microgrids.

• Reducing electricity consumption.

What is a challenge associated with undergrounding transmission lines?

• It reduces grid reliability.

• It is very costly and time-consuming.

• It is quick to implement.

• It is inexpensive.