Category: News

Washington, DC - President Obama believes in the need to transition to a cleaner, more reliable, and affordable 21st century power grid. Under his leadership, transformations in how we produce and consume electricity are decreasing carbon pollution, scaling up renewable energy, and generating savings on consumers’ energy bills. Since 2009, renewable energy generation has increased at a record pace, while costs have decreased dramatically. 

Building on this progress, smart electricity market reforms, enhanced transparency, and flexible energy resources such as storage and demand response have the potential to further accelerate the development of a cleaner and smarter grid.  In fact, in 2015 alone, the United States doubled the installed capacity of advanced energy storage to 500 megawatts (MW) and deployment of this key resource is projected to continue to expand.

With this dynamic progress as the backdrop, today the White House is hosting a Summit on Scaling Renewable Energy and Storage with Smart Markets.  The Summit brings together regulators, power companies, municipalities, and energy developers that are leading efforts to promote smart electricity markets and greater grid integration of renewable energy and flexible resources such as energy storage. 

The Administration is announcing new executive actions and 33 state and private sector commitments that will accelerate the grid integration of renewable energy and storage.  Together, these announcements are expected to result in at least 1.3 gigawatts of additional storage procurement or deployment in the next five years. These actions include:

Federal Executive Actions on Smart Markets and Energy Storage

State, Power Company and Non-Profit Announcements

Today, 16 leading grid operators, power companies, and community organizations in at least eight states are announcing new storage projects, procurement targets, pilot projects, and partnerships.

Developer, Manufacturer, and Investor Announcements

Today, 17 leading developers, companies, manufacturers and investors are announcing new pilot projects, storage and smart meter deployment targets and investment commitments.