The Photo voltaic Power Industries Affiliation (SEIA) has introduced a goal of 700 gigawatt-hours (GWh) of whole put in battery storage capability and 10 million distributed storage installations by 2030.
The targets are a part of a brand new whitepaper, “SEIA’s Imaginative and prescient for American Power Storage,” that analyzes the financial and power safety crucial of a robust US battery storage sector. The whitepaper outlines coverage suggestions to open markets for storage growth, construct monetary help, develop a home storage provide chain, and progress long-duration storage know-how.
The SEIA can also be releasing a new 50-state information to power storage insurance policies on the state stage.
“Increasing power storage capability is an important technique of guaranteeing our nation’s power safety and resilience,” mentioned SEIA president and CEO Abigail Ross Hopper. “As demand for power soars, storage helps flip quick-to-build, low-cost photo voltaic era into clear, dispatchable energy, guaranteeing our grid can adapt to challenges, help essential infrastructure, and ship dependable energy to each neighborhood.”
In keeping with Wooden Mackenzie, there are 83 GWh of put in power storage capability within the US, together with practically 500,000 distributed storage installations. Present forecasts present that US storage capability is predicted to achieve 450 GWh by 2030, falling wanting the capability required to help US power wants.
The whitepaper calls on states, regional transmission organizations, and the federal authorities to take motion to speed up storage deployment and manufacturing. These actions embrace:
- Preserving the federal tax credit score for standalone storage
- Guaranteeing equal grid entry and honest compensation to storage for grid providers
- Reforming interconnection processes to account for storage flexibility
- Establishing reasonably priced retail charges for storage charging
- Supporting home manufacturing with focused commerce insurance policies and streamlined allowing
- Implementing state-level procurement applications
- Emphasizing investments in low-income communities, together with areas disproportionately impacted by excessive climate and poor air high quality
- Investing in additional growth of long-duration storage
“The US storage market is at an inflection level, however with the combo of coverage help and personal, state, and federal collaboration, we will obtain SEIA’s storage targets whereas creating jobs and guaranteeing dependable, around-the-clock energy for each dwelling and enterprise on this county,” mentioned Joan White, SEIA’s director of storage and interconnection.
Entry the whitepaper and be taught extra about SEIA’s power storage advocacy work right here.
Learn extra: This lengthy period compressed air power storage undertaking simply bought a $1.76B DOE mortgage
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