California doubles SGIP benefits, gives big boost to energy storage funding

April 26, 2017 by Ronjoy Bezbarua

(Source: Microgrid Knowledge) Citing the benefits of energy storage for reducing greenhouse gas emissions, providing grid support and promoting market transformation, California regulators have doubled incentives for the Self-Generation Incentive Program, giving the lion’s share to energy storage funding. The state’s investor-owned utilities in 2017, 2018 and 2019 must collect $83 million annually for the SGIP program, which is double the amount collected in 2008, according to a new ruling by the California Public Utilities Commission. Energy storage will get 85 percent of the extra funds, with 90 percent going to projects larger than 10 kW and 10 percent going to residential projects less than or equal to 10 kW, said the ruling. Fifteen percent of the extra SGIP funding will go to renewable generation projects. Read full article….

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