Thw White House recently hosted a Summit on Scaling Renewable Energy and Storage with Smart Markets. The Summit brought together regulators, power companies, municipalities and energy developers that are leading efforts to promote smart electricity markets and greater grid integration of renewable energy and flexible resources such as energy storage.
The Administration announced new executive actions and 33 state and private sector commitments that will accelerate the grid integration of renewable energy and storage. Together, these announcements are expected to result in at least 1.3 gigawatts of additional storage procurement or deployment in the next five years. These actions include:
- A new report by the White House Council of Economic Advisers on the technical and economic considerations and opportunities relating to the grid integration of renewable energy resources.
- The federal government committing to increasing its storage and microgrid capacity through programs that will make our federal and military bases more resilient and provide funding for microgrids in rural communities.
- The U.S. Department of Energy promoting access to and standardization of energy data.
- Sixteen developers and power companies in at least eight states announcing new storage procurement and deployment targets for the next five years.
- Investors announcing $130 million in new funding commitments for energy storage.
- In aggregate, these new procurement, deployment, and investment commitments announced today could lead to approximately $1 billion in investments in energy storage.
- Power companies and developers committing to deploy smart water heaters, smart meters, and demand response programs.
To read more about these federal actions and new pilot projects, visit whitehouse.gov