The Senate of New Mexico has passed a bill, which will require investor-owned utilities to have 2GW/7GWh of energy storage online by 2034, the second such move by a US state this week.
Democrat lawmakers in Michigan have proposed a bill requiring utilities to have a combined 2,500MW of energy storage online by 2030, and are mulling a specific target for long-duration technologies.
Energy storage funds managed by UK-based Gore Street Capital and Gresham House increased their net asset value (NAV) per share in 2022, but by very different rates.