Energy Storage Target

S.B. 2499A and H.B. 7811, enacted in June 2024, established an energy storage procurement target with the following goals: 90 MW by December 31, 2026 195 MW by December 31, 2028600 MW by December 31, 2033The bills authorized the Rhode Island infrastructure bank, in consultation with the Office of Energy Resources, to develop one or more programs to meet the energy storage procurement goals. Any such programs should target installations by residential classes of electric customers, low-income residential classes of electric customers, commercial classes of electric customers, energy storage systems connected to the distribution or transmission system in front of the meter and not associated with a customer’s electric load.