Back in January, the Federal Energy Regulatory Commission (FERC) approved a new rule that applies to energy storage projects. Known as Order 841, the rule allows energy storage to participate in wholesale energy markets for the first time ever. Many in the industry believe that this move could be a “game-changer” for energy storage.
In its ruling, FERC gave regional grid operators, known as Independent system operators (ISO), nine months to come up with a “participation model” for storage, which they are diligently working on right now.
In the video below, Laura Walter, Senior Lead Economist at PJM (the ISO for the mid-Atlantic region of the U.S.) explains that PJM’s model for energy storage participation will be largely developed with guidance from the energy storage industry itself. She explains that battery industry stakeholders, such as battery project develop developers, have been very vocal at PJM meetings whereas the pumped hydropower storage industry has not.
Because PJM is holding stakeholder meetings now, it’s imperative that all members of the energy storage industry participate in these meetings, which are taking place at all ISOs across the U.S.
Watch the video for more information about how to participate and where to find a meeting in your area.
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