Energy storage paired with solar more cost effective in Minnesota today
12th July 2017
As federal policy on renewable energy is being rolled back, a new UMN-led report finds that when environmental benefits are considered combined energy storage and solar arrays can be a more cost-effective alternative in Minnesota – implementable today – to natural gas peaking plants, which are fired up only to meet peak demand.
It also shows that increasing the deployment of energy storage combined with renewable energy would help Minnesota meet its statutory goal of 80 percent carbon reduction by 2050 sooner and at a lower cost than other technologies.
The report, "Modernizing Minnesota's Grid: An Economic Analysis of Energy Storage Opportunities," is the result of months-long effort led by the Energy Transition Lab (ETL) at the University of Minnesota's Institute on the Environment. Lessons learned could also be applied to other Midwest states that are in the Midcontinent Independent System Operator (MISO) footprint.
Read more at: Link