What is the energy storage strategy & roadmap (SRM)?
WASHINGTON, D.C. – The U.S. Department of Energy (DOE) today released its draft Energy Storage Strategy and Roadmap (SRM), a plan that provides strategic direction and identifies key opportunities to optimize DOE’s investment in future planning of energy storage research, development, demonstration, and deployment projects.
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)).
How long has the PSC been working on an energy storage plan?
Efforts towards a finalized implementation plan have been ongoing since June , when Governor Hochul first announced that the PSC had approved an Energy Storage Roadmap in furtherance of the state’s goal to achieve six gigawatts (“GWs”) of energy storage by .
Why did the PSC approve energy storage programs in ?
The PSC’s subsequent Energy Storage Order approved the energy storage programs described in the Roadmap in order to achieve a total of 4,700 megawatts ("MWs”) of incremental installed capacity of energy storage spanning the bulk, retail, and residential sectors.
When will energy storage projects be regulated?
The storage industry anticipates this to be passed into law in , and that it will apply to projects that achieved commercial operation after December 31, , reducing the risks and uncertainty in energy storage project economics.
What is the energy storage SRM?
Specifically, the draft Energy Storage SRM updates the earlier ESGC Roadmap in consideration of the progress made across the energy storage sector since , as well as reflects DOE’s recent activities in support of its energy storage mission and vision.
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