April 23, 2020
Policy Summary: The Virginia Clean Economy Act
The Virginia Clean Economy Act, enacted April 2020, includes a 3,100 MW energy storage target by 2035, making Virginia’s storage target the largest in the nation. Key provisions include:
- A requirement that utilities procure 3,100 MW of new energy storage by 2035;
- At least 35% of storage MW must be procured from third parties;
- A notional goal of behind-the-meter storage to meet 10% of the storage target; and
- Direction to the state’s utility regulators to implement interim targets, programmatic support, and planning reforms germane to the energy storage target.