Utility Dive•3 months ago
Illinois sets 3-GW energy storage target, requires utilities to develop virtual power plants
- •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.
miso