Solar and energy storage policies

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FAQS 4

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.

Does storage need policy support?

To further this goal, storage requires policy support. RD&D policies would increase operational experience and reduce costs; investment tax credits will accelerate investment in storage projects; and continued market deregulation will augment revenue streams, enhances competition, and more accurately price storage services.

What are energy storage options?

Energy storage options provide applications and services that match technologies to needs. Already, several reports indicate the technical and economic benefits that storage has over conventional technologies, particularly in ancillary service markets , .