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ISO New England Awards 1.8GW Energy Storage in Latest Forward Capacity Auction Across Six States

The ISO New England (ISN) has approved the latest Forward Capacity Auction, which saw over 1.8GW of energy storage awarded in six states, including Connecticut, Rhode Island, Massachusetts, New Hampshire, Vermont and Maine. The agency, which serves the Federal Energy Regulatory Commission (FERC), stated that nearly all capacity supply obligations were awarded to wind, solar PV, energy storage or demand side reduction technologies. The total of 31.5GW was selected from 36.8 GW of qualified resources, including 4,100MW new-build projects. Energy storage took a 6% share of the awarded total, amounting to over 1,800MW of energy stored. The majority of these projects will be existing facilities, but over 700MW of new build projects won with their bids. The results have been filed with the FERC for approval. The ISO will host the 6th Energy Storage Summit USA in Austin, Texas in March 2024.

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