3 Stocks Set to Benefit From Battery Storage Demand

Battery storage systems increase the reliability and efficiency of renewable power resources like wind farms and solar panels by banking energy for later use. U.S. utilities are signing an increased volume of contracts for battery-based energy storage, either as part of their own sustainability goals or under the green power mandates of the states in which they operate. As of February 2019, a total of seven states had policies in place that require a certain amount of battery storage to be built.

Homeowners are also looking to battery storage to fulfill power needs, particularly in regions that have been threatened with blackouts, like California.

The AES Corporation (NYSE: AES), General Electric Company (NYSE: GE), and Vivint Solar (NYSE: VSLR) stand out in the space, even in the face of competition from big players like Tesla (NASDAQ: TSLA) and NextEra Energy (NYSE: NEE) because they are approaching the sector with an eye on contracts that will provide a steady, long-term revenue stream. Investing in one of these companies could represent an opportunity for investors looking to get in on the renewable energy boom. Here's a look at what all three are doing to position themselves for gains.

Source Fool.com