2025 national energy storage subsidy table

Why was the energy storage roadmap updated in 2022?

The Energy Storage Roadmap was reviewed and updated in 2022 to refine the envisioned future states and provide more comprehensive assessments and descriptions of the progress needed (i.e., gaps) to achieve the desired 2025 vision.

Does Maryland offer a state tax credit for energy storage?

In 2022, Maryland became the first state to offer state income tax credit for energy storage that provides up to $5,000 for residential customers and up to $75,000 for commercial and industrial customers, subject to a program total of $750,000 per year.

How many MW of energy will Nevada have by 2030?

In 2017, the Nevada legislature directed the PUC to establish targets to procure 1,000 MW by 2030, with interim targets starting at 100 MW by December 31, 2020. New Jersey enacted their Clean Energy Act in 2018, which set a target of 2,000 MW of energy storage by 2030.

Did storage system costs decrease between 2020 and 2021?

The 2020 benchmarks used the more moderate locations of Phoenix, Arizona (High) and New York City, New York (Low), which explains the widened range of outcomes. When accounting for these changes and other model updates the storage system kit costs actually decreased between 2020 and 2021.

What is the growth rate of stationary storage in 2030?

By 2030, annual global deployments of stationary storage (excluding PSH) is projected to exceed 300 GWh, representing a 27% compound annual growth rate (CAGR) for grid-related storage and an 8% CAGR for use in industrial applications such as warehouse logistics and data centers.

What are the different types of energy storage policy?

Approximately 16 states have adopted some form of energy storage policy, which broadly fall into the following categories: procurement targets, regulatory adaption, demonstration programs, financial incentives, and consumer protections. Below we give an overview of each of these energy storage policy categories.