Webinar April 26
1:30-2:45 p.m. MT
A new tool published by the Interstate Renewable Energy Council, Charging Ahead: An Energy Storage Guide for State Policymakers provides regulators and other decision makers with specific guidance on key issues for policy consideration, including foundational policies for advanced energy storage—a new generation of technologies characterized by flexible operating capabilities and diverse applications.
The characteristics that make energy storage so valuable and attractive also make it challenging to address in policy and regulatory contexts.
Despite its game-changing potential to transform the electricity system, energy storage is vastly underutilized in the U.S. electricity sector. Its deployment remains hampered by the current features of regional, state and federal regulatory frameworks, traditional utility planning and decision-making paradigms, electricity markets and aspects of the technology itself.
To date, state policymakers and electric system stakeholders have largely navigated energy storage issues without the benefit of a roadmap to inform key regulatory and policy pathways for widespread deployment.
Charging Ahead aims to address that gap by providing an in-depth discussion of the most urgent actions to take in order to enable viable energy storage markets that effectively empower states to take advantage of the full suite of advanced energy storage capabilities. The guide identifies four foundational policy actions states should consider taking:
- Clarify how energy storage systems are classified to enable shared ownership and operation functions in restructured markets
- Require proactive consideration of energy storage in utility planning effort
- Create mechanisms to capture the full value stream of storage services
- Ensure fair, streamlined and cost-effective grid access for energy storage system
In addition to these foundational policies, the report provides background on energy storage applications, analyzes regulatory actions states are currently taking, and also puts some context around the valuation of energy storage. Read more.
A free webinar on April 26 will look at how the report can equip regulators and other stakeholders to integrate energy storage technologies onto the grid. Recommended state policy actions to address energy storage barriers will also be discussed.
Source: Interstate Renewable Energy Council, 4/19/17