Energy Storage: Opportunities, Challenges and Solutions

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As our nation pursues ambitious goals towards substantially increased renewable energy resources and reduced greenhouse gas emissions, new energy storage projects will play a major role in achieving these goals.

Indeed, California Public Utilities Commission (CPUC) Commissioners have said that “energy storage has the potential to be a ‘game changer’ for our electric grid,” and the U.S. Department of Energy in its December 2013 comprehensive study of Grid Energy Storage noted that the “energy storage business could grow from $200 million in 2012 to a $19 billion industry by 2017.”

Augmenting this general trend, the three branches of the U.S. military (which are already committed to purchasing over $20 billion in renewable energy by 2025) have officially communicated their desire for increased energy security for U.S. military installations, in the form of both micro-grid and energy storage solutions. Therefore, developers bidding on military renewable energy procurements are increasingly proposing energy storage options to offer more attractive bid packages.

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Topics:  CPUC, DOE, Energy, Energy Policy, Grid Energy Storage

Published In: Energy & Utilities Updates, Government Contracting Updates, Tax Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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