Virginia Energy Storage Act

1100 Bank Street/8 th Floor . Richmond, Virginia 23219 . 804-692-3200

What does the 10% vcea goal mean for energy storage?

As energy storage programs are put into place and BTM installations are encouraged to reach the 10% VCEA goal, customers will play an important part of the continued evolution of energy storage in Virginia.

What does FERC's new capacity accreditation rule mean for energy storage?

On July 30, 2021, FERC accepted changes to this rule that would allow storage resources to receive capacity accreditation based on the technology’s ability to meet load requirements which may alleviate this barrier going forward. Virginia Energy Storage Task Force Report to the General Assembly of the Commonwealth of Virginia

Does Virginia need a grid?

The Virginia grid is connected to its regional grid and other interconnected regional grids. The need for storage for the 100% clean power requirement within the state is minimal and does not necessitate a 'week’s worth' of storage.

Should Virginia invest in a solar power plant?

Solar + storage is a no-brainer for Virginia, as there are definitely opportunities for 160 million to 180 million to 200 million dollars in Virginia for onshore wind. The jobs and investment generated are valuable for the domestic economy.

Why is discharged power less than used to charge a storage device?

Due to round-trip energy losses, the discharged power will be less than the amount used to charge a storage device. Most Task Force participants expressed that the creation of RECs should be determined by the energy generated by the eligible generators, not based on the discharge from the storage device.

What is the energy source for Dominion Virginia?

Dominion Virginia currently gets more than one-third of its energy from nuclear power. To meet its goal of 100% clean power by 2045, it will need to secure enough renewables to replace coal plants that supply roughly one-quarter of its electricity and natural-gas plants that supply about another third.