Utility Dive•about 1 month ago
Mass. governor orders state to pursue 15 GW of resources, including storage, VPPs
Key Takeaway
Massachusetts is creating significant new market opportunities for storage and VPP developers while reassessing its fossil fuel reliability strategy.
AI Summary
- •Massachusetts governor mandates the pursuit of 15 GW of new energy resources, specifically including battery storage and Virtual Power Plants (VPPs).
- •An executive order initiates a review of existing gas and oil storage capacity and utilization, including the role of the Everett LNG import terminal in regional energy needs.
- •This directive creates substantial new development opportunities for storage and VPP projects in Massachusetts, backed by state policy.
- •The review of fossil fuel infrastructure signals a focus on energy security and reliability, which could influence future gas supply, pricing, and overall grid stability for large consumers.
Topics
capacity-marketpolicystorage