World : Maryland regulators urged to consider climate, grid benefits of energy storage

  • Maryland regulators should create new value streams for energy storage projects that would compensate them based on their ability to reduce emissions and defer the need for distribution grid upgrades, among other factors, a group of utility and government stakeholders said in a filing with the Maryland Public Service Commission (PSC).
  • The document is the next step toward determining how Maryland utilities will solicit energy storage projects 5 MW to 10 MW in size, as the state's investor-owned utilities are mandated to do as part of a pilot program created by the state legislature last year.
  • The outlined compensation methods could determine how energy storage in the state is monetized under several business models, including utility-owned, third-party-owned or a "virtual power plant" model in which customer-owned storage projects such as batteries are aggregated.

Source : https://www.utilitydive.com/news/maryland-regulators-urged-to-consider-climate-grid-benefits-of-energy-stor/569980/

Smart Grid Bulletin August 2020


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