Dive Summary:

• The Federal Energy Regulatory Commission (FERC) has issued a final rule that allows energy storage services to be compensated in the wholesale electric markets. 
• FERC expanded order 755, which will help accelerate the deployment of storage resources in the ISO regions.
• The rule creates reporting mechanisms to track the installation, operations and maintenance costs for energy storage. As more projects are deployed, this information will be made available to regulators to ensure transparency. In turn, the rule will support broader demonstrations of energy storage benefits to the grid, in addition to strengthen investments in energy storage projects.

From the article:

“… This is a victory not just for energy storage but for a more efficient and lower cost grid in the future,…”