Maryland could cut energy costs and emissions with 2.5GW of storage by 2033, says ACP

LinkedIn
Twitter
Reddit
Facebook
Email

Some 2.5-3.6GW of energy storage could be cost-effectively deployed by 2033 to cut emissions and lower energy costs in the US state of Maryland, American Clean Power (ACP) said.

The renewable energy trade body’s study said that a rollout of 2.5-3.6GW of new energy storage would lead to net system cost savings to Maryland of approximately US$74-100 million in 2033.

This article requires Premium SubscriptionBasic (FREE) Subscription

Enjoy 12 months of exclusive analysis

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Annual digital subscription to the PV Tech Power journal
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

That would be under an Increased Energy Storage scenario where no new gas is built and renewables account for 97% of electricity generation by 2033. The projected savings are compared to the Continued Gas Dependence scenario where new coal and gas resources come online and fossil fuel plants are 50% of generation.

CO2 emissions in 2033 under the Increased Energy Storage scenario would be 93% lower than 2023 while they would be just 23% lower under the Gas Dependence scenario. Energy costs to consumers would also be lower, but only by US$1 a month.

The ‘Increased Energy Storage’ scenario entails an average annual deployment of 400MW a year of new energy storage, mostly in territories served by utilities Pepco and BGE.

A year ago the state of Maryland increased its economy-wide emissions reduction target from 40% to 61% by 2031, as reported by Energy-Storage.news. The announcement coincided with developer Convergent Energy + Power bringing three solar-plus-storage projects totalling 8MWh online, one of just a few large-scale projects seen in the state to-date.

While California and Texas continue to be by far the largest markets for energy storage in the US, other states are making high-level policy announcements to significantly ramp up their deployments too. Last month, Energy-Storage.news reported on state governments in Michigan and New Mexico proposing and setting (respectively) energy storage deployment targets for 2030 onwards.

Maryland is served by multi-state grid operator PJM.

The Maryland study, for which preliminary findings have been released with a fully report coming later, was commissioned by ACP and conducted by Synapse Energy Economics.

Read Next

July 11, 2025
The Victoria government has launched the third round of its 100 Neighbourhood Batteries Program, allocating AU$6.6 million (US$4.34 million).
July 11, 2025
Allegro Energy, an Australian-based developer of water-based redox flow battery energy storage solutions, has claimed its microemulsion flow battery (MeFB) could be tailored to support the “exponential growth” of data centres.
July 10, 2025
IPP Lydian Energy has successfully closed on a US$233 million project financing for three battery energy storage system (BESS) projects in Texas, US.
July 10, 2025
The US Environmental Protection Agency (EPA) has entered into a settlement agreement with IPP LS Power to direct cleanup after a lithium-ion battery fire at the company’s Gateway energy storage facility in San Diego, California. 
July 9, 2025
A news roundup focusing on TerraFlow’s recent partnership with Storion, JinkoSolar’s deployment of distributed systems in Massachusetts and a credit facility for Lightshift.

Most Popular

Email Newsletter