Storage Key to ‘Round-the-Clock Solar,’ Idealab’s CEO Gross Says

Storing solar- and wind-generated energy may prove nearly as important as creating it, according to the chairman and chief executive officer of Idealab, a technology venture-capital firm.

“If you ever want to have round-the-clock solar, which the whole world does want to have, you have to have storage,” Bill Gross, who founded Idealab in 1996, said in a telephone interview before traveling to Davos, Switzerland, for the World Economic Forum. “Anything that can make it so that we have more on-demand power, especially with renewables, is going to be a big factor.”