Will Energy Storage Get A Boost From Natural Disasters?

Energy Storage will get a boost from cities and other governments worried about the potential for natural disasters, says Ron MacDonald, former Canadian Parliament member and Executive Chairman of American Vanadium, which produces energy storage systems. Policy makers in New York State and elsewhere are improving their infrastructure systems, which will result in more money going into energy storage, he says. For example, New York City is funneling funds into improving its infrastructure in response to natural disasters--and that could affect the energy storage market, he says. When one city or state takes action, others often follow the lead, he says. And investors take notice, he says. MacDonald also provides tips for people in the energy storage industry, saying they should connect with their policy makers. Interview by Lisa Cohn of EnergyEfficiencyMarkets.com