Developments Shaping California s Energy Storage Market
Developments Shaping California’s Energy Storage Market Capture the Energy NY-BEST Annual Meeting and Conference
Mark Higgins Head of Government and ...
California’s Economy California Economic Statistics (2013): » $2.05 trillion gross domestic product (GDP) » 8th largest economy in the world Global Economies by GDP (in trillions of USD)
California’s History of Clean Energy Leadership California frequently passes groundbreaking legislation and regulation that is later adopted by other states and countries.
GHG Emission Reductions Global Warming Solutions Act (AB 32) » 2020 GHG emissions must be ≤ 1990 levels » Maximum technologically feasible and costeffective reductions through efficiency, renewables and clean transportation
Greenhouse Gas Emissions Performance Standard (SB 1368) » All new long-term IOU generation from plants with emissions must be ≤ CCCT
Greenhouse Gas Emissions and Gross Domestic Product
California relative trends since 1990 / Greenhouse Gas Emissions (MTCO2E) and GDP Dollars, per Capita
Image sources: Green Innovation Index -http://www.greeninnovationindex.org/ 5
Renewable Portfolio Standards Renewables Portfolio Standard » SB 1078 passed in 2002, required 20% RPS by 2010 » SB X1-2 passed in 2011, accelerated RPS target to 30% by 2020 Percent of Total Electricity Generation from Renewables California and United States
Image source: Green Innovation Index : http://www.greeninnovationindex.org/ 6
» $2.167 Billion from 2007-2016 » Covers up to 50% of PV cost » 1,940 MW new solar generation » Incentives based on actual PV performance, not capacity » Encourages energy efficiency
Image source: Green Innovation Index : http://www.greeninnovationindex.org/ 7
» CEC has funded 60 storage projects around CA » $34M of funding and $111M matched funding leveraged » Awarded $38.3M to fund 9,369 EV Charging Stations » Helped with the new Storage Roadmap to guide activities along with CPUC and CAISO » Bi-annual Integrated Energy Policy Report (IEPR)
California Political Climate: 2030 Energy Goals “If we have any chance at all of achieving (a 2 degree limit on global warming by 2015), California, as it does in many areas, must show the way….It means that we continue to transform our electrical grid, our transportation system and even our communities ” - Governor Brown (1/5/2015)
Governor’s 2030 energy goals: » Increase renewable energy goals from 33% to 50% » Reduce petroleum use in vehicles by up to 50% » Increase existing building energy efficiency by 100%
AB 2514: Utility Contracting Began in Nov. 2014 » As part of Long Term Procurement, Southern California Edison was required to procure at least 50 MW of energy storage. » SCE contracted for 261 MW Southern California Edison LCR RFO Energy Storage Procurement
