Please do not leave this page until complete. This can take a few moments.
State energy regulators are rolling out a new program designed to help Eversource Energy and United Illuminating customers install energy storage capacity at their homes and businesses.
The Public Utilities Regulatory Authority formally launched the “Energy Storage Solutions” initiative on the first of the year, in partnership with the Connecticut Green Bank, which will administer the program, Eversource and UI. End users will be eligible to receive incentives for setting up power storage devices, which can help make the broader power grid more resilient, especially at times when the system is under strain due to inclement weather.
PURA officials said the average upfront incentives for residential customers will initially be around $200 per kilowatt-hour, with a maximum per-project incentive of $7,500.
The maximum incentive for commercial and industrial customers will be capped at 50% of a power storage project’s cost.
Residential, commercial and industrial end users will all be eligible for performance incentive payments based on how much power their devices contribute to the grid during critical periods, and additional support will be made available for those who could benefit the most from increased resiliency measures, including low-income customers, customers in underserved communities, small businesses and customers who historically experience frequent or long-lasting power outages during storms.
Energy Storage Solutions is expected to run for at least nine years.
In a statement, PURA Chair Marissa P. Gillett said the initiative will help move Connecticut toward its goal of deploying 1,000 megawatts of energy storage by the end of 2030, a measure intended to increase the state grid’s resiliency and assist those who have been disproportionately impacted by past power system failures.
“The Green Bank, working in collaboration with the utilities, will help ensure that our families and businesses, especially those within vulnerable communities, access the important benefits that electric storage provides in terms of resilience and modernizing the grid,” Gillett said.
Gov. Ned Lamont, who signed the 1000 MW target into law in June 2021, also offered praise for the program.
“We are combating the climate crisis and building our economy by making investments that promote environmental justice, healthier communities, affordable energy and expanded jobs and opportunity,” the governor said. “Adding a statewide electric storage program to our toolkit will play a vital role in these efforts and I thank the entire PURA team and our legislative partners for their leadership on this initiative.”
The Hartford Business Journal 2025 Charity Event Guide is the annual resource publication highlighting the top charity events in 2025.
Learn moreHartford Business Journal provides the top coverage of news, trends, data, politics and personalities of the area’s business community. Get the news and information you need from the award-winning writers at HBJ. Don’t miss out - subscribe today.
SubscribeDelivering vital marketplace content and context to senior decision-makers throughout Connecticut ...
All Year Long!
The Hartford Business Journal 2025 Charity Event Guide is the annual resource publication highlighting the top charity events in 2025.
Hartford Business Journal provides the top coverage of news, trends, data, politics and personalities of the area’s business community. Get the news and information you need from the award-winning writers at HBJ. Don’t miss out - subscribe today.
Delivering vital marketplace content and context to senior decision-makers throughout Connecticut ...
All Year Long!
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
This website uses cookies to ensure you get the best experience on our website. Our privacy policy
To ensure the best experience on our website, articles cannot be read without allowing cookies. Please allow cookies to continue reading. Our privacy policy
0 Comments