Grid modernization, or the two-way flow of power, information, and communications, is a vital component of the electric system to facilitate management and optimization of the grid; meet changing consumer demands; incorporate distributed energy resources (DERs), such as electric vehicles, microgrids, solar, wind, and storage; and, ensure continued and increasing reliability, resilience, security, flexibility, and affordability.
The transition to a more electrified transportation system – vehicles owned by individual consumers or accessed through ride-sharing, used in commercial or institutional fleets, or deployed for public transportation – offers tremendous benefits to consumers, communities, businesses and society as a whole. Whether an individual chooses to purchase an electric vehicle (EV), he or she joins every other American in reaping the rewards – a more efficient and stable grid, a healthier environment, a stronger economy and improved national security.
Energy storage is the only technology that can bank generated electricity and dispatch it later when needed. In recent years, advanced energy storage technologies , specifically batteries, have evolved substantially and their costs continue to decline significantly, amplifying the value they can provide to our electric grid. As intermittent generation continues to be added to the grid, fast and flexible resources such as batteries are increasingly needed to balance wind and solar’s variable output. With their unique physical and operational characteristics, batteries directly connected to the transmission and/or distribution systems (front-of-the meter”) have the potential to cost-effectively increase the electric grid’s reliability, resiliency and operational flexibility and facilitate integration of intermittent resources.