Energy Storage Target

Rhode Island has established energy storage procurement targets requiring 90 MW of storage capacity by 2026, 195 MW by 2028, and 600 MW by 2033. The state's infrastructure bank is developing programs to support residential and low-income residential energy storage installations, though specific incentive amounts and application details have not yet been announced—check with the Rhode Island Infrastructure Bank and Office of Energy Resources for program launches.

The Rhode Island Infrastructure Bank, working with the Office of Energy Resources, is developing one or more programs to procure energy storage systems across residential, low-income residential, commercial, and utility-scale (front-of-meter) sectors to meet the state's storage targets. Program details, incentive structures, and procurement mechanisms are currently in development; contractors should monitor the Infrastructure Bank's website and RFP announcements for contracting opportunities.

S.B. 2499A and H.B. 7811 (June 2024) authorize the Rhode Island Infrastructure Bank to design and administer energy storage procurement programs targeting 90 MW (2026), 195 MW (2028), and 600 MW (2033) across residential, low-income residential, commercial, and utility-scale segments. The Infrastructure Bank coordinates with the Office of Energy Resources to structure these programs; funding mechanisms, procurement rules, and implementation timelines are under development.