New real estate investment under attack: battery storage

Is it possible to write about battery storage without sapping your energy? I’m going to try. After all, it’s a real estate story. And it features pandering politicians and paranoid constituents. This month, City Council member Frank Morano fed some red meat to Tottenville constituents fighting a 16,000-square-foot battery storage project. “As these battery storage facilities continue to be built across our city, including right here on Staten Island, we cannot rely on blind trust or internal monitoring alone,” Morano said. His solution: a bill to pile more regulations onto what is already a long, thorough and arduous process. Morano […] This article originally appeared on The Real Deal. Click here to read the full story.