October energy storage policy

What are the different types of energy storage policy?

Approximately 16 states have adopted some form of energy storage policy, 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.

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.

Are California's battery energy storage systems going up?

For Immediate Release: October 24, 2023 SACRAMENTO — New data show California is surging forward with the buildout of battery energy storage systems with more than 6,600 megawatts (MW) online, enough electricity to power 6.6 million homes for up to four hours.

How many MW of energy storage projects will be online?

The dashboard presents statewide information for the first time and features data on more than 122,000 residential, commercial, and utility-scale battery installations. CEC staff is tracking another 1,900 MW of energy storage projects expected to be online by the end of the year for a total of 8,500 MW.

How are battery energy storage resources developing?

For the most part, battery energy storage resources have been developing in states that have adopted some form of incentive for development, including through utility procurements, the adoption of favorable regulations, or the engagement of demonstration projects.

What is the US energy storage monitor Q3 2024?

These in-depth reports provide energy industry professionals, policymakers, government agencies and financiers with consistent, actionable insight into the burgeoning U.S. energy storage market. The new US Energy Storage Monitor | Q3 2024 will be released on Tuesday, October 1.