By Morgan Pitts 3/25/2018
In February, the Federal Energy Regulatory Commission (FERC) issued new rules that, for the first time, enable storage (aka large, utility-scale batteries) to compete with other sources of electricity on the wholesale energy market. This means that electric utilities now have a valuable new tool to manage the intermittency of renewable energy resources which will enable the further replacement of conventional generation with renewables.
Why is this important? It addresses two key challenges: Batteries allow the provision of reliable electricity generated by intermittent renewable sources and the improvement of grid security by allowing for a more local and decentralized electricity grid. This ruling by FERC paves the way for a cleaner, more secure energy future.
For more information, see:
Greentech Media: FERC Allows Energy Storage to Play in Nationwide Wholesale Markets
FERC Issues Final Rule on Electric Storage Participation in Regional Electric Markets