What is the energy storage strategy & roadmap (SRM)?
WASHINGTON, D.C. – The U.S. Department of Energy (DOE) today released its draft Energy Storage Strategy and Roadmap (SRM), a plan that provides strategic direction and identifies key opportunities to optimize DOE’s investment in future planning of energy storage research, development, demonstration, and deployment projects.
What is the energy storage roadmap?
First established in and founded on EPRI's mission of advancing safe, reliable, affordable, and clean energy for society, the Energy Storage Roadmap envisioned a desired future for energy storage applications and industry practices in and identified the challenges in realizing that vision.
Why was the energy storage roadmap updated in ?
The Energy Storage Roadmap was reviewed and updated in to refine the envisioned future states and provide more comprehensive assessments and descriptions of the progress needed (i.e., gaps) to achieve the desired vision.
Is the energy storage industry aligned with the industry's needs?
The country’s policy and regulatory framework, while recognising the energy storage assets in the system, is yet to be aligned with the industry’s needs. Fundamental regulatory changes are required in areas such as charges payable by the storage units or the tax incidence. Recent steps taken indicate progress.
Does the energy storage strategic plan address new policy actions?
This SRM does not address new policy actions, nor does it specify budgets and resources for future activities. This Energy Storage SRM responds to the Energy Storage Strategic Plan periodic update requirement of the Better Energy Storage Technology (BEST) section of the Energy Policy Act of (42 U.S.C. § 17232 (b) (5)).
Should energy storage developers participate in regulatory changes?
However, it’s crucial to note that regulatory changes in market participation must precede energy storage developers’ involvement and investment. Many markets globally currently lack these regulatory frameworks, representing a vast untapped potential for energy storage development and integration.
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