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Home | New storage milestone reached for California grid

Posted 2 years ago | 2 minute read

New storage milestone reached for California grid

More than 5,000MW of batteries connected to the CAISO grid are playing in increasing role in maintaining reliability, a report from the ISO’s Market Monitor shows.

In a release issued on July 11, CAISO said as of July 1, total battery storage on the grid had increased to 5,600MW, and that the 5, benchmark reached in early June reflects “visionary leadership”.

According to the ISO, the major driver behind has been a series of storage procurement orders authorized by the California Public Utilities Commission (CPUC) requiring regulated utilities to add storage to their portfolios. These orders also call for significantly more storage in the coming years. In coming years, the ISO is expecting to see the emergence of new storage technologies as well as longer-duration storage resources that will be able to provide additional value to the grid.

GridBeyond SVP North America, Wayne Muncaster said:

“With rapid deployment of renewable energy putting pressure on grid stability, rising energy demand, and growing value of market opportunities, investing in a battery energy storage system is a favorable option for developers and investors to unlock revenue opportunities that support a cleaner and greener future. Growth is expected to continue, especially with the enactment of the Inflation Reduction Act of 2022 (IRA), which includes significant new incentives for storage including availability of the investment tax credit and new manufacturing credits.

“At GridBeyond, we eliminate the complexity from investing in and running a battery energy storage system with our end-to-end solution that encompasses project development, operational optimization, and long-term maintenance.”

Powering the future | The landscape for battery storage in the United States- White Paper

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.

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