Powering the future-White Paper
Powering the future |The landscape for battery storage in the United States
The need for energy to become more affordable, clean
and secure requires a shift from fossil fuels to renewable
energy sources. 2022 was yet another record year for
renewable energy as declines in costs for wind, solar PV
and energy storage technologies impacted the rate of their
deployment in power systems. But as the share of variable
renewable sources increases compared to conventional
fossil fuel generation, energy storage is becoming
increasingly important to grid resilience and flexibility and
the deployment of wind and solar generation planned for
the next 10 years necessitates the mass adoption of energy
storage.
In this white paper we examine the policy and regulatory
landscape for battery storage across the USA and explore how
batteries generate revenues across different RTO’s.
This report focuses on grid-scale front-of-the-meter (FTM) and
utility-scale storage. However, the behind-the-meter (BTM)
market is also one with important potential for the energy storage
sector, particularly as corporates seek to reduce their own
emissions to achieve their sustainability goals.