Energy Storage News•4 days ago
Illinois: Advocates, industry welcome clean energy legislation that includes 3GW energy storage target
Key Takeaway
Illinois's new 3GW energy storage target signals a significant market expansion for developers and a commitment to grid modernization, offering substantial opportunities and potential benefits for large power consumers.
AI Summary
- •Illinois has enacted major clean energy legislation, establishing a 3GW energy storage deployment target.
- •This policy creates a substantial new market opportunity for energy storage developers and investors in Illinois.
- •The target signals a strong regulatory commitment to grid modernization and decarbonization, likely leading to new procurement programs and incentives for storage.
- •For large power consumers, this could translate to enhanced grid reliability, reduced price volatility, and potential for new demand-side management opportunities.
Topics
storagepolicycapacity-marketinterconnectfinancing