IRECTechnology Advancements Alone Won’t Bring Energy Storage to Market – Regulatory Reform is Equally Important
It is widely recognized that distributed energy storage can offer a host of benefits to utilities, storage customers and ratepayers. It is particularly true that energy storage has enormous potential to ease the integration of high levels of renewable energy onto the electric grid. However, as it stands today, the regulatory and market policies in the electricity sector are not yet positioned to enable energy storage developers and customers to deploy the technology in a manner that ensures access to the full range of benefits it can offer.