Created with Navigant Research, the white paper outlines the market drivers powering rapid storage industry growth and explains the value of a disruption-proof grid. According to the report widespread energy storage deployment will achieve $4 billion in cumulative operational grid savings and has the potential to create more than 167,000 new jobs. The report also charts 35 GW of new installations across all energy storage technologies from 2017 to 2025.
The white paper also explores what the organization sees as the values that storage brings consumers, utilities and grid operators including enhanced reliability and resilience to reduce disruptions to the grid.
The full report provides recommendations for stakeholders including legislators, regulators and utilities to enable a disruption-proof grid. It also offers suggestions for grid stakeholders and policymakers as these parties consider how to properly integrate advanced energy storage systems.
According to Kelly Speakes-Backman, CEO of ESA, “The ESA Vision will require a great deal of collaboration and commitment from all parties. We stand ready to work with our members and key stakeholders to drive this vision forward, achieve our ambitious 35x25 goal, and truly transform the power sector."
"A modern, resilient grid that meets the needs of today's users is vital to the health and well being of our nation's infrastructure and storage is crucial to making it a reality. ESA's 35x25 Vision not only defines the future of energy storage, it offers key stakeholders an actionable blueprint for seeing it through," said Praveen Kathpal, vice president of AES Energy Storage and chairman of the board of directors at ESA.
To download ESA's "35x25: A Vision for Energy Storage" white paper please click here.
