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Energy Storage Bill Signed By Governor Became Law Effective Immediately
Category: Illinois
Recently enacted legislation in Illinois made several energy-related policy changes made including:
- a new battery energy storage solution facility could receive an economic development designation as a “High Impact Business” which would give the business (e.g., the qualifying battery facility) access to certain tax credits and tax exemptions.
- modifies the existing requirement that large investor-owned utilities provide a rebate to the owner or operator of distributed generation, including third-party owned systems, by allowing interconnection of the DER through more than one inverter.
- allows existing energy storage devices that are interconnected behind the same retail customer meter as a DER resource to be eligible for an existing rebate from the utility, regardless of whether they were interconnected before or after this legislation takes effect; and
- directs the ICC to initiate a workshop process no later than February 1, 2025 to develop an initial forward storage procurement process and model contract for the procurement of utility-scale energy storage resources. The goal is to develop an effective initial procurement of no more than 1,500MW of utility-scale stand-alone energy storage resources for the Illinois Power Agency to undertake by the end of 8/25.
Full Text
PA 103-1066
See also: HB587
