INSIGHTSSERIES
Power & Utilities | Energy Storage
September 25, 2023
Federal and State Initiatives Seek to Expand Markets and Opportunities for Energy Storage
In the face of a rapidly evolving energy landscape, federal and state initiatives continue to support the growth and expansion of energy storage solutions. Energy storage plays a key role in… Read the full report
Key Takeaways
- New York regulators have accepted a draft review of a 6-GW energy storage roadmap, and the Green Bank has closed its first purely energy storage transaction, providing a $25 million credit facility to finance project interconnection.
- Massachusetts regulators have approved significant battery storage projects that would deliver 80 percent of the state’s goal of procuring 1,000 MWhs by 2025.
- New Jersey regulators are weighing input on additional subject areas to shape an energy storage incentive program including utility ownership/control of storage assets.
