State looks to plug into energy storage market

The initiative will include $10 million in funding from the Department of Energy Resources

Photo Courtesy: MGNonline

BOSTON (AP) — State officials are bidding to make Massachusetts a leader in the energy storage industry.

Gov. Charlie Baker’s administration says the initiative will include $10 million in funding from the Department of Energy Resources and a study that will evaluate the potential for energy storage firms in the state.

Energy Resources Commissioner Judith Judson recently told the Energy Storage Association’s annual conference that Massachusetts is confident it can become a national leader in what is expected to be a $114 billion global market for electric grid-scale storage by 2017.

Common energy storage methods include batteries and flywheels as well as compressed air, hydrogen and thermal energy storage.

Copyright 2015 Associated Press

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