Georgetown Energy Storage Development Plan

4 FAQs about [Georgetown Energy Storage Development Plan]

Does the DOE have a draft energy storage strategy & roadmap?

The DOE is asking for comment from stakeholders to inform its energy storage SRM through a formal Notice of Availability (NOA). The DOE released its draft Energy Storage Strategy and Roadmap (SRM), providing direction and opportunities for energy storage investments.

Does the energy storage strategic plan address new policy actions?

This SRM does not address new policy actions, nor does it specify budgets and resources for future activities. This Energy Storage SRM responds to the Energy Storage Strategic Plan periodic update requirement of the Better Energy Storage Technology (BEST) section of the Energy Policy Act of 2020 (42 U.S.C. § 17232 (b) (5)).

Will energy storage development continue to grow in the United States?

Amid ongoing conversations about grid reliability amid growing electricity demand driven in part by booming expansion of data centers and continuing interest in moving away from fossil fuels toward intermittent renewable resources, energy storage development will continue to grow across the United States.

What is the energy storage Grand Challenge (ESGC) 2024?

The DOE’s 2024 SRM builds on the Energy Storage Grand Challenge (ESGC) 2020 roadmap, outlining actions for what the SRM calls a strategic, beneficial and timely storage deployment. The SRM cites the underlying motivation for investment in energy storage as ensuring “that the American people will have the resources needed, when needed.” “1.

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