Distributed Energy
Opportunity Markets
REGIONS WITH STRONG DISTRIBUTED ENERGY OPPORTUNITY
REV currently sees particularly strong opportunity in
these areas due to a combination of high electricity
costs, favorable utility tariffs, battery storage incentives,
demand-response programs, building performance
standards requirements, and supportive regulatory
environments. All factors may improve project
economics for commercial real estate owners.
TIER 1
Strongest Current Distributed Battery Energy Storage System (BESS) Markets.
NEW YORK
Continues expanding storage procurement and
incentive programs to accelerate deployment.
- Aggressive state storage targets (6 GW by 2030)
- NYSERDA incentive programs
- High electricity prices
- Demand management opportunities
- Strong state policy support for storage deployment
MASSACHUSETTS
An early leader in commercial battery incentives
and grid-service compensation programs.
- ConnectedSolutions program
- Clean Peak Standard
- High electricity prices
- Strong utility demand-response opportunities
CONNECTICUT
Commercial projects have benefited significantly from
Connecticut’s incentive structure.
- Upfront incentives
- Performance payments
- High electricity prices
- Supportive state policy
NEW JERSEY
Often viewed as one of the highest-potential
commercial storage markets in the Northeast.
Particularly attractive because of:
- High demand charges
- PJM market participation
- State storage targets
- Emerging storage incentive programs
TIER 2
Rapidly Emerging BESS Markets.
MARYLAND
Becoming one of the most promising Mid-Atlantic
storage markets.
- Large state storage targets
- New storage procurement requirements
- Developing incentive programs
- Strong utility and regulatory support
ILLINOIS
Recently strengthened its storage deployment
goals and is becoming one of the strongest
Midwest opportunities.
- New statewide storage targets
- Capacity market economics
- High commercial demand charges
- Growing policy support
TIER 3
Unique Opportunity BESS Markets.
HAWAII
Storage economics in Hawaii can be compelling even
without the same incentive structures found in the
Northeast.
- Extremely high electricity costs
- Strong solar penetration
- Resilience concerns
- Grid constraints that favor storage
CALIFORNIA
Although demand rates are some of the highest in the country, state incentives have been declining.
- High electricity prices
- Exceptionally high demand rates
- Limited state incentives
- Time of use arbitrage opportunity