collected by :Victor Alphen
referring to The Federal Energy Regulatory Commission last week unanimously approved an order that could prove to be a landmark in the development of energy storage. FERC's order "opens the floodgates for storage participation" in wholesale power markets, Ravi Manghani, director of energy storage at GTM Research, said. Finn-Foley called the FERC rules "a starting point" for the development of energy storage projects in wholesale markets. "Ultimately, it is all about scaling."Opening wholesale markets to energy storage could encourage a variety of utility-scale storage projects, which could in turn spur further price declines as development accelerates. "Wholesale markets are designed with stakeholder input, and that can get in the way of new technologies," Pfeifenberger said.
referring to The Federal Energy Regulatory Commission last week unanimously approved an order that could prove to be a landmark in the development of energy storage. FERC's order "opens the floodgates for storage participation" in wholesale power markets, Ravi Manghani, director of energy storage at GTM Research, said. Finn-Foley called the FERC rules "a starting point" for the development of energy storage projects in wholesale markets. "Ultimately, it is all about scaling."Opening wholesale markets to energy storage could encourage a variety of utility-scale storage projects, which could in turn spur further price declines as development accelerates. "Wholesale markets are designed with stakeholder input, and that can get in the way of new technologies," Pfeifenberger said.
Caruso: Commitment to NAFTA vital for energy markets
Across multiple sectors of the U.S. economy, notably manufacturing, NAFTA has been a driving force behind increasing American exports. Meanwhile, growth in Canada's production from oils sands and reforms to the Mexican economy have opened up new investment opportunities for energy products. Energy products are flowing across North American borders at an unprecedented rate, to the benefit of customers and businesses in all markets. 1 nationally in exports nationwide, are among the biggest beneficiaries of increased energy trade between North American nations. A continued commitment to NAFTA offers, for example, an opportunity to reflect changes in Mexico's energy markets, improve dispute settlement procedures and harmonize standards in energy products.
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