The scale of energy storage procurements by domestic utilities has increased tremendously in the preceding decade. For example, just one of California’s recently procured storage projects was 300 megawatts, which is itself nearly five times as large as the total amount of energy storage that was deployed in the entire United States in 2014. As utilities have acquired a better understanding of how the innovative and improving energy storage technologies can be constructed, operated, deployed, and scaled, state and federal regulators have implemented increasingly friendly rules for energy storage. In turn, the economics of developing, owning, and/or operating energy storage systems continue to improve and are only expected to become sweeter.
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