Energy Storage Target

H.B. 910, enacted in May 2023, directed the Public Service Commission (PSC) to establish energy storage procurement targets, with a goal of achieving: 750 MW by the end of delivery year 20271,500 MW by the end of delivery year 20303,000 MW by the end of delivery year 2033The PSC may adopt a smaller target if the above targets cannot be met cost effectively. In which case, the PSC should adopt a target it deems to be the maximum cost-effective amount of energy storage that can be deployed by the end of the delivery year. To meet the energy storage targets, the PSC is to establish an Energy Storage Program consisting of a competitive procurement program. The Energy Storage Program may also include a system of energy storage credits and market-based incentives, a requirement for investor-owned utilities to install or contract for energy storage projects or credits, or any other mechanism or policy the PSC deems appropriate. The PSC is developing the Energy Storage Program in Case Number 9715.