Posts by Emily Lammers
Wholesale Market Rules Adapting to Allow Storage
The Federal Energy Regulatory Commission (FERC) recently ruled that the Midcontinent ISO (MISO) would have to reform its tariffs to make it easier for energy storage to compete in markets that it is technically capable of competing in. This ruling is part of FERC’s response to a complaint filed by Indianapolis Power and Light against…
Read MoreEnergy Storage Industry could provide over 26,000 jobs to New York by 2030
A recent report revealed that battery storage could provide $5.6 to $8.7 billion and 17,600 to 26,800 jobs to New York by 2030. The October 2016 report, funded by The New York State Energy Research and Development Authority (NYSERDA) and issued by Industrial Economics Inc. shows how energy storage can both help New York reach…
Read MoreStorage Costs Continue to Fall Despite Lithium Bull Market
As demonstrated by recently announced projects, prices for energy storage continue to fall. Specifically, the Kauai Island Utility Cooperative has recently announced they will buy power from a combined solar-storage plant located on Kauai at a price of 11 cents per kilowatt-hour, down over 25 percent from a previous Kauai-based solar+storage plant announced in 2015…
Read MoreMassachusetts to Adopt Storage Target—DOER to announce specifics by July
Last week, the Massachusetts Department of Energy Resources (DOER) announced that adopting energy storage targets for electric companies is prudent and cost-effective. The move results from a state law passed last August that instructed DOER to determine if the state should take up these targets. Last September, DOER and the Massachusetts Clean Energy Center released…
Read MoreStorage Costs Falling Rapidly—Lazard Releases Levelized Cost of Storage 2.0
The price of battery storage technology is dropping rapidly, according to a recent cost analysis from Lazard. The Levelized Cost of Storage (LCOS) for lithium-ion transmission-use batteries has fallen 24% since Lazard’s previous report a year ago. As a whole, storage costs are quickly approaching the costs of natural gas peaker plants. Lazard expects storage…
Read MoreNew FERC Proposal Looks to Open Up Markets to Battery Storage
Last month, the Federal Energy Regulatory Commission (FERC) proposed a rule that could transform electricity markets and allow for better integration of electricity storage in the grid. The rule would require system operators to create or adjust market rules to allow for storage to participate in wholesale electricity markets. FERC Commissioner Cheryl A. LaFleur noted “Storage…
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