Energy Storage
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In a 2032 system, 13.6 GW of energy storage is currently planned to provide $835 million to $1.34 billion of annual net grid benefits depending on storage costs, as estimated in the CPUC Energy Storage Procurement Study: Moving Forward, Chapter 3.
Energy storage procurement contracts must also take into account the ever-evolving suite of laws and regulations applicable to energy storage projects, including as a result of the recent change in administration in the United States.
Recent contracts are predominantly for much larger transmission-connected energy storage projects. Earlier energy storage contracts were significantly more expensive across all grid domains, and they generally reflect the cost reductions seen in the global storage industry.
Resolution E-4937 approved SCE's energy storage solicitation to comply with SB 801. To date the CPUC has approved procurement of more than 1,533.52 MW of new storage capacity to be built in the State. Of this total 506 MW are operational.
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