Michael Oster is CEO of a local energy storage company, which means he undoubtedly stands to benefit from the latest decree from federal energy regulators.
The Federal Energy Regulatory Commission, or FERC, passed a rule at the end of February that puts energy storage on an equal footing with existing power grid resources. It devises tariffs for operators of regional grids that will open new doors for energy storage systems.
And Oster’s take is no self-serving estimation of the industry’s outlook. Nathan Howe, as an environmental attorney who interacts with many different layers of the energy sector at Newark-based McCarter & English LLP, seconds his enthusiasm for energy storage.
Allen O’Neil, another McCarter & English attorney with an energy expertise, added that another upshot of additional local energy storage — and, perhaps most convincing for businesses concerned that a utility overhaul means higher rates — is that it could represent cost savings, at least in the long-term.
Click to read full article: “Energy Storage CEO Says Industry Is Finally Getting Noticed”