An Act Concerning Energy Storage.
This bill is intended to foster the development of a state-based electric energy storage industry while providing economic benefits to ratepayers. It requires the authority to create different programs aimed at residential, commercial, and industrial customers, addressing diverse needs in the storage market. Furthermore, the authority must ensure these programs incentivize installations that enhance grid reliability and contribute positively to the local and statewide economy. Overall, SB00952 aims to integrate energy storage more robustly into the energy market to help stabilize supply and reduce peak consumption demands.
Substitute Senate Bill No. 952, known as the Act Concerning Energy Storage, aims to advance the deployment of electric energy storage technologies within the state. The legislation mandates the Department of Energy and Environmental Protection, in conjunction with the Public Utilities Regulatory Authority, to establish programs for energy storage resources connected to the electric distribution system. Key goals set by the bill include achieving a target of 1,000 megawatts of energy storage capacity by December 31, 2030, with interim goals at 300 megawatts by 2024 and 650 megawatts by 2027.
The sentiment surrounding SB00952 appears to be largely positive among stakeholders focused on renewable energy and progressive energy policy. Supporters argue that investing in energy storage technology will not only improve infrastructure resilience but also facilitate a shift toward cleaner energy sources. However, some concerns were raised about the costs associated with these programs and whether they will ultimately benefit ratepayers. The sentiment may be characterized by a cautious optimism tempered by the need for oversight and cost-effective implementation.
Discussions around the bill highlighted potential contention regarding the funding mechanisms for the various programs outlined in the legislation. Critics are worried about the financial implications for consumers if costs associated with energy storage projects are passed onto ratepayers. Additionally, there are discussions on how effectively the programs will cater to different customer demographics and whether they will yield tangible benefits for all stakeholders involved, particularly in underserved communities. Ensuring that energy storage initiatives do not exclusively favor large-scale projects over localized solutions is another key concern.