$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.
If you want to know more about this and other topics directly from end users of energy storage technologies join us at one of these annual events: The Energy Storage World Forum (Grid Scale Applications), or The Residential Energy Storage Forum, or one of our Training Courses.
