FACT SHEET: Obama Administration Announces Federal and Private Sector Actions on Scaling Renewable Energy and Storage with Smart Markets

submitted by Gordian Raacke

CLICK HERE - White House Council of Economic Advisors - Incorporating Renewables into the Grid: Expanding Opportunities for Smart Markets and Energy Storage (40 page .PDF report)

whitehouse.gov - June 16, 2016

. . 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. .

. . White House Council of Economic Advisers is releasing a report titled “Incorporating Renewables into the Grid: Expanding Opportunities for Smart Markets and Energy Storage.”  One of the report’s key findings is that current and projected levels of variable renewable energy resources are opening up opportunities for technologies such as energy storage and demand response to ensure the reliable and cost-effective supply of electricity.  The report also finds that wholesale market reforms are already helping to enable these technologies to participate in some markets.  Ongoing cost reductions and advancements in communication infrastructure are expected to further enhance the potential for these technologies going forward.

(CLICK HERE FOR ADDITIONAL INFORMATION)