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Utility Dive: 9 US Power Sector Trends to Watch in 2024


Utility Dive  highlights some of the major developments and trends expected in nine critical areas of the energy transition this year, including the expansion of virtual power plants (VPPs). The article quotes United's Ryan Katofsky, who speaks to the increasing role VPPs can play in ensuring grid reliability and addressing the general need for more flexibility on the demand side.
 

The U.S. clean energy transition is expected to accelerate this year, buoyed by recent policy and other actions, but transmission and financing are among its challenges. The following is a snapshot of some of the major developments and trends expected in nine critical areas of the energy transition this year...

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Topics: Wholesale Markets, United In The News, Ryan Katofsky

Latitude Media: Electricity markets aren’t ready for long-duration energy storage

Posted by Kavya Balaraman on Nov 1, 2023

Latitude Media reports on the need for improvement for how electricity markets and regulatory structures incorporate long-duration energy storage projects, which recently received a $325 million boost in funding from the U.S. Department of Energy. United's  Ryan Katofsky and member company Form Energy are featured in the article, which emphasizes that deploying long-duration storage at scale will require concrete market and regulatory reforms across the country. 
 
When the U.S. Department of Energy announced in September its plans to  earmark up to $325 million for multiple long-duration energy storage projects across the country, it was essentially making a bet. 
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Topics: United In The News, Ryan Katofsky

Utility Dive: Moody’s warns of potential power price volatility from renewables oversupply

Posted by Diana DiGangi on Sep 14, 2023

Utility Dive  examines a recently published Moody’s analysis on the link between unsteady energy prices and the influx of renewable energy sources to the market, featuring United’s  Ryan Katofsky  explaining how the U.S. power sector can leverage demand flexibility and battery storage technologies and services to stabilize this transition.
 

Reliability costs associated with backstopping renewables could rise to $435 billion a year around the world by 2030, the company said in a report released Wednesday.

As utilities increase the amount of renewable energy in their fuel supply mixes, the associated need for an increase in resource buffers could lead to oversupply that would increase power price volatility and grid reliability costs, said Moody’s Investors Service in a Wednesday report.

“Because wind and solar power generation depends on weather conditions and is thus not dispatchable, load-serving utilities will likely build in a cushion of supply to enhance reliability and compensate for resource volatility,” the report says.
 
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Topics: Wholesale Markets, United In The News, Ryan Katofsky

Houston Chronicle: Battery boom begins in Texas, California, amid concern over power grid

Posted by James Osborne on Dec 12, 2022

Houston Chronicle detailed growing demand for battery storage projects, quoting Ryan Katofsky on why the technology is seeing such a high demand. Read snippets below and the full article here. 

Within three years, a surge of new large-scale battery projects is expected to come online on Texas and California's power grids, as developers seek to store electricity produced by those state’s sprawling wind and solar farms.

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Topics: United In The News, Ryan Katofsky

E&E News: DOE rolls out competition for long-duration energy storage

Posted by David Iaconangelo on Nov 15, 2022

E&E News covered DOE's nearly $350 million for energy storage demonstrations, quoting Ryan Katofsky on the technology gap that needs to be filled. Read snippets below and the full article here.

The Energy Department launched a competition Monday for long-duration energy storage, offering $349 million for successful demonstrations of a technology widely seen as crucial to a carbon-free grid.

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Topics: United In The News, Ryan Katofsky

Utility Dive: Upheaval in utility regulation emerging nationally as Hawaii proves a performance-based approach

Posted by Herman K. Trabish on Jul 12, 2022

Utility Dive compared reforms for utility performance, quoting AEE's Ryan Katofsky on how Hawaii's low-cost reforms are improving service. Read snippets below and the full article here.

Many states are working on regulatory reforms focused on utility performance, but some compromise approaches may be self-defeating, performance-based regulation, or PBR, consultants said.

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Topics: Utility, Regulatory, United In The News, Ryan Katofsky

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