Energy Storage and the Law of Averages: How Storage Can Make Electricity More Affordable

Summary

The U.S. electric grid faces the challenge of rising costs due to infrastructure being built for peak demand, which occurs only a few hours annually. This report proposes that widespread deployment of energy storage can shift grid planning towards average demand, thereby reducing the need for costly new generation and transmission infrastructure during high-demand periods. Supported by real-world examples of successful energy storage projects, the approach is currently in progress through various utility initiatives, aiming for significant long-term electricity cost reductions.

Key Facts

Source Document

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