US Energy Storage Technology Growing, But Current Policy Lags Behind
Fri, 18 Sep 2020
- • The US energy storing industry is growing fast but faces the challenges of integration with the old grid infrastructure and regulatory restrictions.
- By storing electricity when it is relatively cheap, and saving it for expensive periods, utilities are able to offset peak power demand and ultimately save money.
- Challenges facing the energy storage industry include integration issues with the old grid system and current regulatory restrictions.
- Market experts are encouraging dialogue between energy storage stakeholders to overcome regulatory issues and reduce the risk to utilities of investing in energy storage.
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