1. Massachusetts to Offer $10-$20M in Energy Storage Grants this Fall

    Massachusetts to Offer $10-$20M in Energy Storage Grants this Fall

    Massachusetts plans to offer $10-$20 million in energy storage grants this fall, as it positions for a paradigm shift in the economics of electricity. State officials described the upcoming solicitation in a call Friday with the media, with release of a new report, “State of Charge,” which calls for Massachusetts to add 600 MW of energy storage by 2025. The New England state is jumping on what industry analysts see as a major opportunity in the power industry. Today’s better and cheaper batteries open a path to correct one of the industry’s biggest economic hurdles: an inability to store its product for later use.

    Read Full Article
  1. Quotes

    1. Once you can get significant storage deployed across your grid that paradigm changes.
    2. Private investors will simply not invest in building storage projects in Massachusetts without a means to be monetarily compensated for the value the storage resource provides to the system.
    3. Given some of the parties that are interested, I imagine a lot of these projects will be large dollar projects. So it may well be that the $10 million will just be a starting point. But we'll need to assess that as the proposals come in.
  2. Topics Mentioned

  3. Authors

  4. Categories

    1. Electricity Source:

      Solar Photovoltaic, Wave, Tidal, Hydro, Wind
    2. Storage Market:

      Commercial & Industrial, Microgrid & Community, Military, Residential, Smart Grid, Utility Grid, Vehicle-to-Grid/Home
    3. Storage Technology:

      Compressed Air/Gas, Flow Battery, Flywheel, Hydrogen, Lead, Liquid Metal, Lithium, Magnesium, Mechanical Storage, Nickel, Pumped Hydro, Sodium, Supercapacitors, Thermal, Vanadium, Zinc
    4. Article Types:

      Null, Reports and Conferences