NEW YORK ( TheStreet) -- When North Carolina Republicans brought forward a bill pushed by ALEC, the conservative lobbying group, to gut the state's renewable energy standards this year, they figured they had a model piece of pro-business legislation that would sail through.But, as North American Windpower gleefully reported, it died in committee.
Even the additional storage capacity needed to deal with such projects can become a profit center. A Department of Energy rule called FERC 890 effectively doubles the value of storage projects, which the agency lists at its energystorageexchange.org site. Imre Gyuk, program manager for energy storage research at the Department of Energy, said in a recent Atlanta talk that there were 686 Mwatts of storage capacity online around the world as of March. He estimated that for every five watts of power available, one watt of storage is necessary to assure the stability needed by modern cloud data centers. But there is over 300 Gwatts of continuous load throughout the U.S. grid alone. The opportunity, in short, has barely been touched.