$20 Million in Grants Proof That Energy Storage Market is Growing

on December 22, 2017

In Massachusetts, grants totaling $20 million were recently awarded to 26 projects that will develop the state’s energy storage market.

The programs are positioned to deliver benefits to the Massachusetts’s ratepayers and the electrical grid. The awarded projects will benefit 25 communities and draw in $32 million in matching funds, helping to grow the Commonwealth’s energy storage economy.

According to telegram.com, the grants were awarded as part of the Baker-Polito Administration’s Energy Storage Initiative (ESI) Advancing Commonwealth Energy Storage (ACES) program, funded by the Department of Energy Resources (DOER) through Alternative Compliance Payments (ACP) and administered by the Massachusetts Clean Energy Center (MassCEC).

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Energy Storage News$20 Million in Grants Proof That Energy Storage Market is Growing