FERC outlined a number of key points relating to energy storage in their proposal, noting that individual markets would create their own 'participation models' that allow energy storage resources to be eligible to provide all competitive capacity, energy and ancillary services. Participation models must also allow distributed energy resources (DERs), acting independently or an aggregation of multiple systems, to compete, and markets should recognize the unique flexibility and operating parameters of storage systems. Dynamic distributed and customer-sited energy storage systems would then have access to both retail and wholesale opportunities, increasing their market value while also giving grid operators an integrated network of flexible assets that can be called upon to improve grid performance and efficiency.
Taken all together, along with many other considerations outlined by the Commission, this rulemaking is a substantial step forward to recognizing the multiple values that energy storage can provide to the grid. Breaking down regulatory barriers and creating competitive markets for the numerous applications and benefits that energy storage can provide is critical, and FERC's unprecedented actions will resonate and drive reforms in markets across the country.
"ESA is thrilled with FERC's forward-thinking efforts to enable the participation of energy storage in wholesale markets, bringing more competitive opportunities for innovative companies and ensuring affordable and reliable energy for everyone on the grid," continued Roberts. "The Commission is building on years of operational experience with cost-effective energy storage systems on the grid, and they are charting a path forward for transforming and modernizing energy markets. Energy storage systems are here today providing value and reducing costs on the grid, and these efforts will provide even more momentum to a rapidly growing industry."
About Energy Storage Association
The Energy Storage Association (ESA) is the trade association for the energy storage industry and the leading voice for companies that develop and deploy the energy storage technologies we rely on every day. ESA's mission is to promote, develop and commercialize competitive and reliable energy storage systems for use by electricity suppliers and their customers. With more than 180 member organizations, ESA members represent a diverse group of entities, including electric utilities, energy service companies, independent power producers, technology developers deploying advanced batteries, flywheels, compressed air energy storage, thermal storage, pumped hydropower, supercapacitors, and component suppliers, such as power conversion systems.
More information is available at: www.energystorage.org
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SOURCE Energy Storage Association