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News and blog by Energy Storage
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With adoption of Senate Bill 700, California has renewed commitment to distributed energy resources by extending the Self-Generation Incentive Program (SGIP) for an additional five years and allocating the program up to $830 million. The funds will primarily support energy storage systems for commercial and residential use, extending the program’s role in encouraging adoption of emerging technologies that help achieve the state’s energy goals.
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In 2010, California became the first state to mandate energy storage procurement with targets for each major investor-owned utility with the objective of reducing greenhouse gas (GHG) emissions, cutting peak electric demand, deferring or substituting for investments in generation or grid assets and improving overall grid reliability.