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The Energy Storage Promotion and Deployment Act of 2015, recently introduced by Sen. Marin Heinrich (D-NM) and Sen. Angus King (I-ME), seeks to create a National Energy Storage Standard. Similar to a Renewable Portfolio Standard, the storage standard would require electric utilities to meet a percentage of their generation via storage, in this case 1% of peak demand using any energy storage technology by 2021 and 2 percent by 2025. In real terms, utilities would have to add 8 GW of storage by 2021 and 18 GW by 2025. Available technologies range from electric and thermal salt batteries to pumped… [more]View Insight