Massachusetts sets major battery storage targets with supporting policies

· Energy · United States

Massachusetts has set substantial battery storage goals along with policies intended to deliver them, according to a report that points to a wave of projects taking shape in the state. Just outside Boston, a developer is preparing a 700-megawatt storage facility expected to dwarf every other battery project in New England; one town over, another energy company has closed on $850 million in financing for a 250-MW battery; and near the Rhode Island border, construction has begun on another project. The item does not name the developers, the projects or the specific policy mechanisms. The activity illustrates how state-level storage mandates and procurement policies are translating into large-scale projects and bank financing in a region where grid operators have been adding storage to balance growing renewable output and demand peaks.

Why it matters:State storage mandates are turning into real project pipelines and bankable financings, a template other US states may follow as grids absorb more renewables and peak demand.

Key points

  • A 700-MW storage facility is being prepared near Boston.
  • Another developer closed $850 million in financing for a 250-MW battery.
  • Construction has started on a further project near the Rhode Island border.

Sources (original reporting)

More stories from this day