What are the different types of energy storage policies?

Approximately 17 states have adopted some form of energy storage policies, which broadly fall into the following categories: procurement targets, regulatory adaption, demonstration programs, financial incentives, and consumer protections. Below we give an overview of each of these energy storage policy categories.

Does New York have a bulk energy storage program?

The New York State Energy Research and Development Authority filed with the New York Public Service Commission a proposed bulk energy storage program implementation plan designed to support the state’s build-out of storage deployments to meet the stated goal and to reduce projected costs by nearly $2 billion.

How will the energy storage industry benefit from a cost-sharing initiative?

The energy storage industry will also benefit from the U.S. Department of Energy’s equitable cost-sharing initiatives for required grid asset upgrades, so new storage projects are evaluated on realistic financial models.

What is a storage policy?

All of the states with a storage policy in place have a renewable portfolio standard or a nonbinding renewable energy goal. Regulatory changes can broaden competitive access to storage such as by updating resource planning requirements or permitting storage through rate proceedings.

What is included in the cost of a new wind or solar facility?

See §§ 1.45Y-4(d) and 1.48E-4(c). In the case of a single project comprised of multiple facilities (as comprising the single project. For purposes of the 80/20 Rule, the cost of a new applicable wind or solar facility includes all properly capitalized costs of the new applicable wind or solar facility. (2) Beginning of construction.

Why is Energy Storage Resource Development important?

Energy storage resource development will continue to grow across the United States as an important tool to enhance grid reliability and stability as intermittent renewable generating resources account for a larger share of generation resources.