Electric utilities; energy storage requirements; Department of Energy and Department of Environmental Quality to develop model ordinances; work groups; reports. Increases the targets for energy storage capacity that Phase I and Phase II Utilities, as defined in current law, are required to construct, acquire, or procure and extends the time frame by which such capacity must be met. Under the bill, each Phase I Utility shall construct, acquire, or procure at least 780 megawatts of short-duration energy storage capacity and 520 megawatts of long-duration energy storage capacity, and each Phase II Utility shall construct, acquire, or procure at least 5,220 megawatts of short-duration energy storage capacity and 3,480 megawatts of long-duration energy storage capacity. The short-duration energy storage requirements are required to be fulfilled by December 31, 2040, and the long-duration energy storage requirements are required to be fulfilled by December 31, 2050. "Long-duration energy storage" and "short-duration energy storage" are defined in the bill. The bill requires the Department of Energy, in consultation with the Department of Environmental Quality and the Department of Fire Programs, to create model ordinances for use by localities in their regulation of energy storage projects and to convene a work group to develop such model ordinances and submit a report by December 1, 2025. Additionally, the Department of Energy and the Department of Environmental Quality are directed to convene a work group to develop recommendations and financial incentives related to the development of long-duration energy storage projects and submit a report by December 1, 2025.

Statutes affected:
Introduced: 56-585.5