Heightened activity around energy storage reflects the growing importance of the technology to meet clean energy goals. Increasing levels of renewable energy, electrification of buildings and transportation, as well as… Read the full report …...
Heightened activity around energy storage reflects the growing importance of the technology to meet clean energy goals. Increasing levels of renewable energy, electrification of buildings and transportation, as well as retirement of fossil fuel generators are driving growth in battery storage installations.
Demand response (DR) is becoming an important tool in utility resource plans to manage demand on the power grid and integrate intermittent energy resources. DR programs allow consumers to play a role in the operation of the grid by reducing or shifting their electricity usage during peak periods in response to time-based rates or other forms of financial incentives.
