What has been described by the head of its federal regulator as the “single most important act” the US could take in smoothly transitioning to a “clean energy future” will become reality, with distributed energy storage set to join wholesale markets and compete to provide services on a “level playing field” with fossil fuel resources.
With a quarter of all solar project proposals in the US including batteries, transmission grid operators across the country are taking a variety of steps to evaluate the role that can be played in wholesale electricity markets by hybrid power plants – defined as generation coupled with energy storage.
Kruger Energy said that along with smart software and technology solutions company Peak Power, it has deployed three commercial and industrial (C&I) energy storage projects into a behind-the-meter virtual power plant (VPP).
Approval has been given to the compliance plans of two more US RTOs and ISOs to be filed under FERC Order 841, the ruling set by the US Federal Energy Regulatory Commission (FERC) designed to open up regional grid operators’ wholesale markets to electricity storage.
Revisions aimed at enabling energy storage’s participation in wholesale markets, proposed by New England’s Independent System Operator (ISO) have been accepted by the Federal Energy Regulatory Commission (FERC), effective 1 April this year.
Uncertainty persists around the impact bankruptcy proceedings brought about at investor-owned utility Pacific Gas & Electric (PG&E) could have on renewables contracts and energy storage projects as it faces “extensive litigation” and “significant liabilities” for California wildfires.
Transmission system operators in the US have begun making their moves to accommodate energy storage into their wholesale markets, with New England ISO and Southwest Power Pool both making filings in the past month.
While research published this week demonstrates that the US as a whole is embracing energy storage technology, with regulator FERC’s recent wholesale market ruling likely to have a “significant impact”, the picture varies greatly when looking from state-to-state, an analyst has said.
The “devil is in the detail” when it comes to making regulatory changes in the US to open up wholesale markets for energy storage to participate in, a regional chief of regulator FERC has said.
Regulators, policymakers, experts, developers, utilities, aggregators and of course, energy storage industry participants will fill out the Victoria Park Plaza in London next week to discuss everything impacting the deployment of energy storage.
