January 23, 2002—The newly formed Energy Storage Council, including founding members Ridge Energy Storage, (Houston, Texas); Haddington Ventures LLC, (Houston, Texas); and Alstom Power, (Richmond, Virginia) aims to raise the profile of the energy storage community, especially with respect to energy policy-making, government-funded research and development, and electric industry restructuring.
“If you chart the growth of storage in the natural gas business after it was deregulated in the late 1980s, you’ll quickly realize that energy storage could become the ‘sixth dimension’ of the electricity value chain,” observed Jason Makansi, president of Pearl Street Inc. , and Executive Director of the Energy Storage Council (ESC).
According to the ESC, storage optimizes the productivity and efficiency of existing assets and enhances arbitrage and trading for the other five “dimensions” of the electricity value chain—fuels and energy sources, generation, transmission, distribution, and customer energy services and consumption. Storage also raises the value of renewable energy by allowing it to be “scheduled” into the marketplace. For more information, contact the ESC.
