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Home » News » Wall Street Wants In on America’s Battery Storage Boom

Wall Street Wants In on America’s Battery Storage Boom

Emily CarterBy Emily Carter Uncategorized
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Intersect Power is installing Tesla Megapack batteries to store and dispatch electricity in Scurry County, Texas. Photo: Intersect Power

Sheldon Kimber sees a lucrative opportunity in bottling sunshine.

The 46-year-old entrepreneur is installing hundreds of giant batteries the size of shipping containers around sun-soaked Texas and California. The batteries charge up during the day when solar power is abundant. When electricity demand rises in the evening, straining the power grid, Kimber sells that stored energy at higher prices.  

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