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March 10, 2018

Brattle: US storage market could reach 50 GW if costs keep declining

  • Government
  • Agency
  • Energy

Utility Dive – FERC Order 841 could be a landmark decision for the storage industry but Brattle's report is a reminder that economics and policy will also need to be favorable in order for storage to reach its full potential.

Brattle estimates at least half of the total value that storage can provide would be achievable in wholesale electricity markets, with the balance at the transmission and distribution and customer level. But federal regulators' market rules will need to be matched at the state level.

"Combining the FERC policy with state-level initiatives that enable storage to capture all available value streams will likely increase its market potential by three to five times compared to a future that limits storage to capturing only wholesale market benefits," Brattle concluded.

Read more at Utility Dive