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