January 22, 2020
Public Utilities: The New Buyers of Energy Storage
There’s no doubt that 2019 was a tipping point for announcements from investor-owned utilities about large-scale new energy storage and hybrid storage projects. We also witnessed dramatically increased project sizes and combination approaches, with stunning price decreases and shorter deployment schedules. Between 2016 and 2019, approximately 28 U.S. utilities proposed nearly eight gigawatts of storage. And some of the multi-hundred-megawatt procurement announcements by large investor-owned utilities like Nevada Energy, Arizona Public Service, Florida Power and Light, Hawaiian Electric Company, and Southern California Edison are indeed record-breaking.