California First State to Adopt Energy Storage PlanAssociation of Construction & Development
October 23, 2013 — 1,414 views
Many people are taking an interest in the move being made by the state of California to adopt and use their plan for energy storage. This is being hailed by most environmentalists and people who are interested in clean technology. Today, the world suffers from an energy crisis. Power costs are going up while the usage of electrical appliances is continuing to sky-rocket.
A Better and Brighter Future
With advancements in technology, it may be quite difficult to sustain the growth factor with the way the energy supply is. The previous meeting of those in charge of regulations for the state all agreed to put forth and follow this new storage strategy. California is the first state to go on with the plan. This makes it all the more important for them to succeed. While there is a lot of pressure now on the committee and the California Public Utilities Commission to show quick results, only time will tell how well this is to work for the betterment of the nation.
Companies Involved and Their Roles
The motion saw PG&E, San Diego Gas and Electric, and Southern California Edison being asked to increase the storage capacity for electricity. Not only does the storage need to increase; the companies have been asked to start developing their renewable energy sources. Energy that is generated from the sun or the wind is in fact quite powerful and is increasing in the world today.
Unanimous Agreement and Increased R&D
The only issue is that these sources are much costlier than the conventional electricity because of the lack of technology. Now with strengthened R&D (research and development), and the nudge that was required from a legal front, there seems to be a variety of options open to ensure sustenance and future energy sources that are clean. These sources do not require the depletion of any raw material present on Earth, and their harnessing process only requires the right tools.
Long-Term Investments by Utilities
Though expensive, these tools are only one-time investments, and have slow rates of depreciation. These companies will be happy with the opportunity to increase their reach in the energy field and will find that these long-term investments only require good maintenance, and little else. The utilities have been asked to purchase a total of 1.3 gigawatts of energy capacity by the end of the decade.