Rise of the Incentives: Storage Opportunities in Hawaii and Maryland
In early 2017, storage incentive bills moved forward in both Hawaii and Maryland. While the former has seen numerous storage-related bills proposed without advancing over the past few years, the latter is a relative newcomer to the behind-the-meter storage market. Hawaii has seen significant storage market interest and a fair amount of activity owing to unique market conditions. Maryland, in contrast, has seen little behind-the-meter storage market action owing to a lack of drivers. Nevertheless, the introduction of storage incentive bills indicates growing interest in promoting behind-the-meter storage for the benefits the technology can offer both end customers and the electric grid at large.
This research note reviews the potential impact of incentive bills on storage initiatives, focusing on the new bills in Hawaii and Maryland and how their outcomes may offer key takeaways that other states can employ when crafting their own storage initiatives.