Utility Dive•6 days ago
Illinois sets 3-GW energy storage target, requires utilities to develop virtual power plants
Key Takeaway
Illinois's new law creates a robust market for energy storage and VPPs, driven by a 3 GW target and utility mandates aimed at reducing costs and modernizing the grid.
AI Summary
- •Illinois has established a 3 GW energy storage target, creating significant market demand for storage developers and integrators.
- •A new state law mandates utilities to develop Virtual Power Plants (VPPs), opening new opportunities for distributed energy resource (DER) aggregation and participation.
- •The policy aims to mitigate rising electricity costs (following a 15% increase) by incentivizing new resource development, expanding solar, and enhancing energy efficiency programs.
- •This regulatory shift in Illinois (within MISO/PJM territory) signals a strong push towards grid modernization, resilience, and cost reduction through advanced energy technologies.
Topics
misopjmpolicysolarstorage