Virginia Advanced Energy Economy submitted comments to the State Corporation Commission related to its docket on energy storage deployment, highlighting how energy storage has a critical role to play in Virginia’s energy transition, driven by the recently enacted Virginia Clean Economy Act.
“This is a pivotal moment for the energy storage market in Virginia. At 3.1 gigawatts, the storage targets enacted in the VCEA are some of the most ambitious in the county. It is critical that the Commission establish clear and near-term interim targets that create market certainty and attract the storage industry to invest and grow in Virginia,” said Harry Godfrey, executive director of Virginia AEE. “The interim targets and regulations that the SCC is developing will play a critical role in helping to shape this storage market.”
“Energy storage can serve a wide variety of needs, from enhancing grid resilience and to meeting peak capacity needs, to providing a cost-effective alternative to traditional (and costly) transmission and distribution investments,” Godfrey said. “The regulations that the Commission establishes through this proceeding need to ensure that the many benefits of storage are fully realized.”
“These targets and regulations should spur deployment of storage in front of and behind the meter, as a non-wires alternative, and as a substitute for conventional peaking power plants,” said Godfrey. “Ultimately, catalyzing a robust, competitive storage market in Virginia will benefit the Commonwealth’s economy, save ratepayers money, and reduce emissions.”
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