Several states have established energy storage targets, but some have struggled to meet their goals or show significant progress as of recent data:
- New Jersey set a target of 2 GW of energy storage deployment by 2030, with an initial goal of 600 MW by 2021. However, it has largely failed to make significant progress toward this early target. The New Jersey Board of Public Utilities identified few near-term economic uses for storage, and a Rutgers University report did not support aggressive policy intervention due to a weak financial case. Without clear market mechanisms or major investments, New Jersey is unlikely to meet its 2 GW target on schedule.
- Massachusetts has a target of 5,000 MW by July 2030, including specific requirements for mid-duration and long-duration energy storage. As of mid-2024, only about 257 MW is installed with an additional 665 MW pending, reflecting about 26% progress toward the goal. While this shows progress, it is still far short of the ultimate goal.
- Michigan set a mandate of 2,500 MW by 2030 but had only installed 16 MW with 150 MW pending as of 2024, representing less than 1% completion. This indicates very limited progress so far.
- Other states like Nevada have exceeded early targets, with 940 MW installed against a 100 MW goal for 2020, showing strong success rather than failure.
In summary, while some states like Nevada are surpassing storage deployment goals, others such as New Jersey and Michigan have failed to meet early milestones, and Massachusetts, despite progress, remains behind its ambitious targets. These shortfalls are often due to market, regulatory, or financial barriers that hamper deployment pace.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/are-there-any-states-that-have-failed-to-meet-their-energy-storage-targets/
