$10M for Energy Storage/Smart Grid Hub Research

The state Public Service Commission approved a request Thursday to pay for three new initiatives intended to cut energy use and improve energy storage systems.

The nearly $26 million for the initiatives comes from the System Benefits Charge, a fee collected by utilities from ratepayers to finance state energy programs.

The money was previously uncommitted.

The funds will be used as follows:

  • $10 million will pay for new programs to reduce costs of photovoltaic (solar electric) system installations and for development of photovoltaic technology;
  • $10 million to fund research on an energy-storage/smart grid hub, including efforts to get federal funding to establish an energy storage research hub in the state; and
  • $5.76 million for expansion of the Advanced Buildings Program, including $3 million for the Advanced Buildings Consortium and $2.76 million for an initiative to save energy in commercial buildings.

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