E.ON’s energy storage expertise called on for House Energy & Commerce committee hearing
August 2, 2018
WASHINGTON D.C. -- Leading experts in the field of energy storage were invited to share their insight and experience with the House Energy & Commerce Subcommittee on Energy in Washington D.C. recently.
Among those discussing the growing role of energy storage in the U.S. electric grid and what the future holds for this technology was Mark Frigo, Vice President and Head of Energy Storage for E.ON in North America.
“Low-cost energy storage has the ability to transform and meet the needs of the new energy world,” said Frigo at the hearing. “E.ON is helping to lead this change.”
The panel, ranging from grid operators like California ISO to utilities like Duke Energy, pushed for a level playing field to ensure storage is competitive in the marketplace. The panel also discussed how to ensure storage can participate broadly in planning and procurement processes.
“Despite our successes in the market, energy storage remains an emerging technology that has great potential to enhance the grid’s reliability and resilience,” said Frigo. “While the technology continues to evolve and costs continue to fall, more steps from both a policy and fiscal perspective are needed to unlock this technology’s full potential to increase grid reliability and resilience, and to save taxpayers money on their electricity bills.”
Panel members frequently commented on the versatility of energy storage whether providing flexible capacity to meet peak demand or firming renewable generation to also serving as a transmission asset.
“Energy storage is an incredibly useful technology which can help meet the needs of the new energy world,” said Frigo. “It is a uniquely flexible technology that can be designed to meet the specific needs of customers and the grid. It increases grid reliability, while enabling all of the technological and sustainable advancements our country continues to enjoy. And, best of all, it can do all of these things while saving ratepayers money.”
You can hear more from Mark Frigo and the rest of the panel in the recording of the hearing below.
E.ON is an international investor-owned energy company, focusing entirely on energy networks, customer solutions and renewables. In the 2017 financial year, more than 40,000 employees from 90 nations generated sales of around $42 billion. Around 32 million customers purchase gas and electricity from E.ON. Within the global renewables segment E.ON is a leading company. The company has already invested more than $11 billion and operates nearly 5.4 gigawatts of renewable capacity.