Massachusetts Governor Baker Announces $10 Million for Energy Storage

A new $10 million dollar initiative for energy storage was recently announced in Massachusetts by the Baker-Polito administration. The funding, from DOE resources, will conduct research for ways the state can support local energy storage companies to create public policies encouraging energy storage.

“The Commonwealth’s plans for energy storage will allow the state to move toward establishing a mature local market for these technologies that will, in turn, benefit ratepayers and the local economy. Massachusetts has an exciting opportunity to provide a comprehensive approach to support a growing energy storage industry with this initiative’s analysis, policy and program development,” said Governor Charlie Baker.

Government funding to examine how public policy can play a constructive role in helping energy storage gain a foothold and especially by assisting local companies may be quite beneficial. Energy storage is critically important for disaster situations when utility-based electricity is knocked out, and in order to prevent the electricity grid from getting knocked out. It also helps the development of renewable energy projects, because it fills in the gaps when wind and solar power are not generating enough electricity very neatly and quickly.

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Date Posted: 6/18/2015