Elevate Renewables Foresees Critical Need for Significant Transmission Investment in Privately-Owned Energy Storage at Major U.S. Power Plants
“We believe that private investment in energy storage is an efficient and logical solution to mitigate the cost of increasing demand on our electric power infrastructure.
- “We believe that private investment in energy storage is an efficient and logical solution to mitigate the cost of increasing demand on our electric power infrastructure.
- “PJM just directed Exelon to spend $785 million in transmission upgrades to maintain reliability at the retiring Brandon Shores power plant, located near Baltimore MD.
- Battery storage can provide additional electricity during these peak periods, reducing the need to build more power plants or upgrade grid infrastructure.
- Integration of Renewable Energy: Battery storage facilitates the integration of variable renewable energy sources like wind and solar into the grid.