U.S. President Joe Biden's administration plans to spend $325 million across several Long-Duration Storage Projects to cover the shortfall.
The U.S. Department of Energy measures capacity factor by how often a plant is running at maximum power. A plant with a capacity factor of 100% means it’s producing power all of the time. “As we build our clean energy future, reliable energy storage systems will play a key role in protecting communities by providing dependable sources of electricity when and where it’s needed most, particularly in the aftermath of extreme weather events or natural disasters,” U.S. Secretary of Energy Jennifer M. Granholm said in a media release.
"Because wind and solar are intermittent sources, battery storage is needed for these sources in order to provide backup when the sun is not shining or the wind does not blow," Alex Stevens, manager of policy and communications for the Institute for Energy Research, said in an email to The Center Square.
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