VIDEO: Hybrid Storage and the 2040 Grid
What is hybrid storage? It’s the pairing of renewable resources, like solar or wind, with battery storage at the same location. The idea is to capture excess renewable energy effectively when it’s abundant and store it for when the sun goes down or the wind stops blowing.
Locating storage where demand is greatest is one of the most cost-effective ways to capture the most energy possible, and can reduce the needed to build additional generation.
We’re working on changes to our competitive, wholesale energy markets to encourage developers to invest more in hybrid storage. It’s one of the many ways we’re preparing for the CLCPA’s requirement for an emissions-free grid by 2040.
“Technology is changing the new types of generation that we’re seeing on the energy grid today,” says James Pigeon, manager of distributed resource integration. “We’re trying to create the rules that allow for these different technologies to have a place in the wholesale energy markets.”
To hear more about hybrid storage, watch this video: