Addressing policy and regulatory issues is crucial for supporting the development and deployment of long-duration energy storage (LDES). Here are key strategies that can help:
Strategies to Support LDES
Establish Clear Targets and Incentives
- Set Specific Deployment Targets: Governments should set country-specific targets for LDES deployment, similar to those announced by the G7. This provides clarity and accountability for policymakers, industry stakeholders, and investors.
- Regulatory Incentives: Implement policies that incentivize research, development, and deployment of LDES technologies. For example, federal legislation can offer substantial incentives for domestic manufacturing and project development.
Enhance Regulatory Frameworks
- Grid Integration Standards: Develop standards and regulations that ensure seamless integration of LDES into the grid. This includes updating power grid infrastructure to accommodate extended energy storage capabilities.
- State-Level Regulatory Adaptation: Encourage states to adapt energy storage regulations to create opportunities for LDES deployment. This includes changes in state energy storage policies to support innovative technologies.
Promote Clean Energy Policies
- Nationwide Clean Energy Standard: Implementing a nationwide clean energy standard can significantly boost demand for LDES. A goal of achieving 100% carbon-free energy by 2050 could incentivize further deployment of LDES technologies, especially as renewable energy penetration increases beyond 60%.
- IRP Modeling Updates: Support state-level Integrated Resource Plan (IRP) updates to include LDES in energy planning. This was effectively implemented in California, where an IRP included a target for energy storage that incorporates LDES technologies.
Support for Research and Development
- Technical Assistance Programs: Establish technical assistance programs to help states create implementation plans for LDES. This can also support updates to state-level standards and modeling related to energy storage.
- Encourage Innovation: Continue to encourage research into LDES technologies to address regional needs for storage, ensuring that the U.S. remains prepared for future deployment peaks in the 2040s.
By addressing these policy and regulatory issues, governments can create a supportive environment that accelerates the deployment of long-duration energy storage technologies, ultimately advancing towards a more sustainable and decarbonized energy system.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/how-can-policy-and-regulatory-issues-be-addressed-to-support-long-duration-energy-storage/
