Energy Exchange

Selected tag(s): Energy Storage

New report highlights potential for energy storage in North Carolina

North Carolina recently took another key step in its push for a clean energy future with the publication of a long-awaited study on the opportunities, challenges and value of energy storage for the state. The report, which was mandated under the 2017 Competitive Energy Solutions Act (House Bill 589), is the culmination of a year-long research effort led by a multidisciplinary team of researchers from North Carolina State University in partnership with the North Carolina Policy Collaboratory.

The report finds that North Carolina is at a critical juncture in its clean energy future, with energy storage poised to play a key role. However, in order to develop market opportunities for storage and ensure its full benefits are realized, policymakers must take key steps to wisely accelerate the adoption of energy storage in North Carolina.

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Posted in Clean Energy, Energy Storage, North Carolina / Tagged | Comments are closed

Without the right policies, energy storage could increase emissions

In December, the six major Independent Systems Operators (ISO’s) across the country filed their plans for creating new market rules and opportunities for energy storage. While the rules will take at least a year to go into effect and the plans are just an initial step, a recent study suggests that this effort may add up to 50,000 megawatts (MW) of storage nationwide in the next decade.

At the same time, many states – like California, Massachusetts, New Jersey and New York – are recognizing the potential value of energy storage and are starting to integrate it as a key component of their plans to meet climate and renewable energy goals.

Combined with falling capital costs, these trends suggest a lot of new energy storage in the pipeline. This presents both opportunities and challenges for states looking to reduce their greenhouse gas emissions.

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Posted in Clean Energy, Energy Storage, Renewable Energy / Also tagged | Comments are closed