Affirming that storage resources (including pumped storage) can serve as transmission assets, and therefore receive multiple revenue streams in organized markets.
Required that non-generation resources be evaluated on a comparable basis to services provided by generation resources, including hydro pumped storage.
Funds both hydropower and MHK resources, including MHK R&D, MHK technology-specific system design and validation, reducing barriers to MHK testing, MHK data sharing, and more.
Pilot licensing process for small-scale hydrokinetic projects to allow developers to test new hydrokinetic technologies, including connection with the interstate grid, on an expedited timeline.
Allows energy storage resources (including pumped storage) to more fully participate in organized electricity markets by removing barriers to these resources in the capacity, energy, and ancillary services markets operated by ISOs and RTOs.