Energy Storage News•4 days ago
Building trust through action: How social license will shape the future of energy storage
Key Takeaway
Securing social license through early and effective community engagement is becoming a non-negotiable prerequisite for energy storage project development, directly impacting project viability and market growth.
AI Summary
- •Social license is emerging as a critical, non-technical factor for the successful development and deployment of energy storage projects.
- •Developers and IPPs must prioritize proactive community engagement and trust-building to secure local acceptance and avoid project delays or cancellations.
- •Failure to achieve social license could significantly impact project timelines, increase development costs, and constrain the growth of energy storage capacity, affecting market supply and potentially prices.
Topics
storagepolicy