Join us for a discussion on the changing landscape of electric storage in Minnesota— from what our grid needs to meet state goals, to adoption benefits and barriers for customers. While it’s still an evolving industry, many in the energy field are wondering where they fit into storage policies and what decisions to track. Connecting all these pieces, this forum will elaborate on relevant energy market changes, policy implications, and what’s next for electric storage in Minnesota. Participants will discuss the gap between the potential and current state of storage development. In addition, we will explore differing customer values, policy implications, and what barriers there are to storage development and market participation.
Why Electric Storage Matters
In a lot of ways, electric storage is a solution that’s still being tested, but a solution to what problems? There are some early adopters experimenting with electric storage, including distributors, utilities, and customers alike. However, many are still working to understand how to capture the multiple values of electric storage for their needs and the needs of their customers.
Recent studies from the University of Minnesota Energy Transition Lab shine a light on the ways electric storage can help meet our state’s energy goals and make our grid smarter, more resilient, and accommodate more renewables. According to the Minnesota Department of Commerce, with some upgrades, Minnesota’s current power system could handle at least forty percent wind and solar energy without impacting reliability. The addition of electric storage would help our grid push past that number, which not only contributes to sustainability and decarbonization but also supports the growth of microgrids to build resiliency at a community level.