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.
Can solar PV and storage meet global renewable power capacity targets?
Renewable energy statistics , International Renewable Energy Agency, Abu Dhabi. Renewable power generation costs in , International Renewable Energy Agency, Abu Dhabi. The first report in this series will highlight the roles of solar PV and storage in meeting global renewable power capacity targets.
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.
Does the energy storage strategic plan address new policy actions?
This SRM does not address new policy actions, nor does it specify budgets and resources for future activities. This Energy Storage SRM responds to the Energy Storage Strategic Plan periodic update requirement of the Better Energy Storage Technology (BEST) section of the Energy Policy Act of (42 U.S.C. § 17232 (b) (5)).
What is Virginia's energy storage goal?
Virginia’s target was enacted by law in , which set a 3,100 MW energy storage goal by . A law enacted in directed the Illinois Commerce Commission to establish storage procurement targets for all utilities serving more than 200,000 customers to achieve by .
Are solar PV-hybrid storage applications a viable option?
PV-hybrid storage applications are proposed as key opportunities for enhancing grid flexibility and reliability. However, challenges remain; solar PV is, by its nature, variable and will not always be available to meet electricity demands.
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