Long duration bulk energy storage: procurement.
If passed, AB 2787 would significantly impact state energy regulation by establishing a procurement process that requires the ISO to prioritize long-duration energy storage technologies like pumped hydroelectric storage. The methodology established in the bill would ensure that costs are allocated among all load-serving entities in the ISO-controlled electrical grid, which aims to stabilize energy pricing and facilitate the integration of renewable energy sources. The bill's provisions would help in meeting the state's greenhouse gas emissions reduction targets by enhancing grid reliability and storage capabilities.
Assembly Bill 2787 aims to enhance California's energy storage capabilities by mandating the California Independent System Operator (ISO) to procure long duration bulk energy storage projects with a total capacity between 1,000 and 2,000 megawatts. The bill recognizes the urgent need for improved energy storage solutions as the state transitions to more renewable energy sources. It focuses specifically on long-duration projects, which are defined as those that can discharge for at least eight hours and have an operational life of 40 years. This legislative effort aligns with California's environmental goals and the necessity for reliable energy distribution.
The sentiment surrounding AB 2787 appears to be supportive among stakeholders advocating for renewable energy and improved grid reliability. Proponents view the bill as a proactive step in bolstering California's capacity to manage energy resources, particularly in light of the increased use of intermittent renewable sources. However, there may be concerns regarding the upfront investment needed for such large-scale projects, and there are discussions around the potential implications for existing energy distribution frameworks and costs.
Discussion of AB 2787 has highlighted several points of contention, particularly regarding the definitions and parameters set for long duration energy storage projects. Some stakeholders may question the feasibility of the prescribed capacity limits and the reliability of technologies like pumped hydroelectric storage. Additionally, there may be debates about the adequacy of the financial frameworks for reallocating costs to all load-serving entities, which might create disparities in energy pricing or accessibility for consumers.