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Modeling the Benefits of Energy Storage in Maryland

Modeling the Benefits of Energy Storage in Maryland

Full Title: Modeling the Benefits of Energy Storage in Maryland
Author(s): Shelley Kwok, Pat Knight, Jason Frost, Sabine Chavin, and Paul Rhodes
Publisher(s): American Clean Power Association
Publication Date: April 11, 2023
Full Text: Download Resource
Description (excerpt):

For decades, Maryland has relied heavily on fossil fuels to meet its electricity demands. Now, Maryland has passed legislation to encourage the state to rapidly decarbonize and transition to renewable energy. In 2022, Maryland adopted one of the nation’s most ambitious climate change laws to date, requiring a 60 percent GHG reduction by 2031 and net-zero emissions by 2045. In addition, Maryland has a Renewable Portfolio Standard that requires 50 percent clean electricity sales by 2030. Meeting these ambitious goals will likely require the construction of energy storage facilities that will help to ensure clean wind and solar generation is available in the hours when demand is high and renewable supply is otherwise low.

By conducting scenario analysis of two different visions of the future, we compared an accelerated clean energy future to one which continues to rely on fossil fuels instead of storage. Our results showed that a future with increased energy storage substantially cuts greenhouse gas emissions, meets energy and capacity needs, and provides electricity reliably without increasing rates.

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