What are the eligibility requirements for energy storage companies

Does energy storage need a regulatory framework?

Currently, no jurisdiction provides a comprehensive regulatory framework for energy storage. Instead, most jurisdictions define storage as 'generation' for licensing and other regulatory purposes.

Should energy storage be regulated?

A robust regulatory framework would reflect storage’s unique ability to act as generation and consumption and remove the need to pay end-user electricity consumption charges. The vast majority of countries do not have a specific subsidy regime.

How is energy storage currently defined?

Our review demonstrates that no jurisdiction currently provides a comprehensive regulatory framework for energy storage, with the majority of jurisdictions currently allowing storage to be defined as “generation” for the purposes of licensing and other regulatory requirements.

Are there legal issues relating to energy storage?

As set out above, there are a wide variety of energy storage technologies and applications available. As a result, there are a number of legal issues to consider when it comes to energy storage projects. The relative importance of such issues will be informed by the specific project design and revenue stream requirements, such as double circuit connection.

What equipment is eligible for thermal energy storage?

The Final Regulations clarify the requirements for thermal energy storage property. Equipment that adds or removes heat (e.g., heat pumps) is eligible, but equipment that transforms other forms of energy into heat (e.g., through combustion or electric resistance) is not eligible.

Who can benefit from energy storage?

Energy storage offers a range of opportunities for standalone developers, generators, network operators and consumers (ranging from large energy users through to domestic consumers) and other electricity sector participants. Storage is an increasing focus due to the range of benefits the various technologies can provide.