State council energy storage industry development

Which states are developing energy storage policy?

California and New York are cited as examples of states with “very advanced and sophisticated policy measures”. Many others are beginning to assess energy storage policy needs. What motivates a state to develop energy storage policy? The Best Practices report says it varies.

Does state energy storage support decarbonization?

A recent report from the Clean Energy States Alliance highlights best practices, identifies barriers, and underscores the need to expand state energy storage policymaking to support decarbonization in the United States. Decarbonization is the move away from fossil fuel resources and toward renewable energy.

What is the growth rate of industrial energy storage?

The majority of the growth is due to forklifts (8% CAGR). UPS and data centers show moderate growth (4% CAGR) and telecom backup battery demand shows the lowest growth level (2% CAGR) through 2030. Figure 8. Projected global industrial energy storage deployments by application

Who surveyed the energy storage industry?

An industry survey was also completed by representatives of six energy storage development companies, plus one industry consultant who formerly worked for an energy storage development company: Enel North America, Key Capture Energy, New Leaf Energy (formerly Borrego), Nostromo Energy, Sunrun, and Tesla.

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 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.