After a thorough, multi-year process that evaluated the viability and cost-effectiveness of energy storage, the California Public Utilities Commission (CPUC) today unanimously adopted a proposed decision calling for 1.325 GW of energy storage to be deployed by the state’s three investor-owned utilities by 2020. This landmark decision sends a clear market signal that will accelerate the energy storage industry not only in California, but around the world. Critically, the proposed decision signifies that:
1) Energy storage will help California meet critical grid challenges in the years ahead, including those stemming from the permanent closure of the San Onofre Nuclear Generation Station (SONGS) and the scheduled phase-out of other generation assets across the state.
2) Energy storage will help maximize the state’s renewable energy investments and address California’s new net load. It will also optimize existing fossil fuel asserts, reducing GHG emissions and supporting regional air quality goals.
3) Energy storage is faster, more effective, easier to site and more flexible than traditional grid assets, including natural gas peakers.
CODA applauds Commissioner Peterman, the CPUC, the California Energy Storage Association (CESA) and all of the stakeholders that contributed to this process.
About CODA Energy
CODA Energy designs and builds scalable energy storage solutions that support a smarter, cleaner and more reliable grid. The CODA Core UDP™ combines advanced batteries with proven battery and thermal management systems (BMS and TMS), all managed through a sophisticated power source controller. CODA energy storage systems are optimized for generation, distribution and behind-the-meter applications for commercial and industrial end users. CODA Energy professionals have deployed a combined 140 MW and 50 MWh of energy storage in stationary and mobile applications to date.
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