Thursday, June 13, 2013

California Energy Storage Plan May Require 3 Billion Investment

Which is it? $! billion or $3 Billion??
California’s utilities are required to provide by 2020 a third of their power from renewable sources like wind and sunlight that can’t generate electricity constantly. Systems that retain some of the energy will make it easier to integrate intermittent technologies, said Praveen Kathpal, vice president of market and regulatory affairs at AES Corp.’s storage unit.

“This ruling recognizes that storage is going to be a valuable component of California’s supply mix,” Kathpal said in a phone interview yesterday. He estimated that 1,325 megawatts of storage may require about $1 billion to $3 billion in investment.
Probably 6 billion...

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