Massachusetts has long been a driving force in cleantech and grid modernization, and with the passage of H.4568 the state will continue its trajectory as a leading supporter of innovative energy technology. This legislation empowers the Department of Energy Resources (DOER), led by Commissioner Judith Judson, “to set appropriate targets for electric companies to procure viable and cost-effective energy storage systems to be achieved by January 1, 2020.” This is a strong signal to businesses and investors that Massachusetts is well-positioned to serve as a hub for the global energy storage industry and provides a greater degree of market and regulatory certainty in this growing industry.
Massachusetts has consistently embraced clean energy policy, which is why it is endowed with a vibrant advanced energy industry. With nearly 6,500 companies, the Commonwealth has nearly 100,000 jobs tied to the clean energy sector, which has contributed more than $11 billion in economic activity to the state. Massachusetts leads the country in investing in early stage cleantech and is ranked first in attracting early-stage investments per capita. Energy storage will be the next driving force in the state’s clean energy economy.
Read more at Massachusetts Storage Procurement Goals the Next Step in Advancing Grid Modernization
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