State of Charge: Five Things to Know About the Energy Storage Market Heading into 2020

The U.S. energy storage market is growing tremendously. Indeed, IHS Markit projects that over 40 GW of energy storage capacity will be installed by 2022, starting from a base of only 0.34 GW installed in 2012 and 2013. This growth of the U.S. energy storage market is driven by several commercial and regulatory factors, including an increase in recent utility-scale power purchase agreements, declining costs of lithium-ion batteries, the availability of state and, to a certain extent, federal incentives for solar + storage projects. Here are the five main factors guiding the market heading into 2020.

Massachusetts’ Clean Peak Standard Is ‘Common Sense’ that Should Spread Across America

The recent flurry of energy storage project announcements from Massachusetts have been driven in part by a “common sense” approach to tackling the dirtiest impacts of fossil fuel generation. Massachusetts was identified by research firm Wood Mackenzie Power & Renewables as one of the leading US states to have “laid the groundwork for supportive storage policies” in recent years, along with New York. Both states, Wood Mackenzie expect, will witness project developments that will contribute to ”substantial growth” US-wide in the early 2020s.

Storage Cannot Be a Game Changer Without Further FERC Guidance on Market Rules

The US energy storage market is expected to hit the $5 billion mark by 2024, but a significant amount of regulatory work remains to be done to ensure market growth forecasts come to fruition, industry observers said. Order 841, issued last year, directed each regional transmission organization and independent system operator to create market participation rules that recognize the unique physical and operational characteristics of electric storage resources.

US Energy Storage R&D Legislation Receives Approval in ‘Another Milestone’

A legislative package for energy storage research and development (R&D) has been welcomed by the US Energy Storage Association, after receiving approval from the Senate Energy and Natural Resources Committee. An amended version of the Better Energy Storage Technology (BEST) Act was last week approved by the committee after having been introduced in May alongside the Promoting Grid Storage Act of 2019.

Recent Changes to California’s Self-Generation Incentive Program, Explained

California’s Self-Generation Incentive Program (SGIP) is one of the longest-running and most successful distributed generation incentive programs in the country. It has evolved several times since its inception, and a recent decision by the Public Utilities Commission moves SGIP in several important new directions in response to fresh challenges faced by the state.

From Science Project to Money Maker: Energy Storage Hits Inflection Point

In 2014, the vast majority of storage projects Greensmith Energy was working on might have best been described as science projects, often dependent on grants or utility R&D budgets devoted to figuring out emerging technologies. Today, potential projects are evaluated primarily on their business case. The reason most energy storage projects these days are driven by solid financial returns is because there are more and more ways to generate revenue. It’s a testament to just how much the economics of battery storage and the renewables it supports have improved in less than a few years.

Holy Cross Looks to Build Energy Resilience Post-Lake Christine Fire

The summer of 2018’s Lake Christine wildfire not only destroyed three homes and torched thousands of acres of forest, it also came dangerously close to taking out the power lines for the upper Roaring Fork Valley. After this close call, Holy Cross Energy partnered with Rocky Mountain Institute to find ways to keep the lights on if there’s another disaster.

Energy Storage Legislation is Imperative for Us, and Our Birds

A slate of bipartisan bills proposed in Congress could go a long way to support energy storage research and development. We already know that clean energy solutions, including wind and solar, are key to eliminating the carbon pollution that causes climate change. We know the technology exists to make these systems a reality. What is needed is robust investment. Right now, a slate of bipartisan bills proposed in Congress could go a long way to support energy storage research and development.

Renewables, Storage Poised to Undercut Natural Gas Prices, Increase Stranded Assets: RMI

Wind, solar, and storage projects, combined with demand-side management, have reached a ‘tipping point,’ meaning they’re now able to compete alongside natural gas on price while providing the same reliability services. But unlike the fluctuating price of fuels, these technologies’ prices are expected to continue dropping, according to a pair of reports released by the Rocky Mountain Institute.