Does Puerto Rico need energy storage solutions?

“Isolated from typical supply lines, Puerto Rico needs solutions that reduce electricity costs, improve grid reliability, and accelerate renewable energy deployment,” says DEPCOM Director of Energy Storage Nadja Gocek.

How much does LCoS cost?

Analysis findings indicate that in the top 10% of highest impact scenarios, the LCOS ranged from $0.150–$0.170/kWh with a mean portfolio cost of $491 million for above ground storage and $0.113–$0.116/kWh with a mean portfolio cost of $400 million for below ground storage.

Can LCoS be discounted?

There is a small subset of portfolios that achieve deeply discounted LCOS levels without requiring investment in some of the higher cost innovations, such as demonstration projects and technologies for subsurface evaluation of porous rock for storage.

How much does it cost to reduce LCoS?

On averagei, the top 10% of innovation portfolios can reduce LCOS by 12%–85% to $0.03/kWh–$0.26/kWh across storage technologies. The average cost of implementing innovations ranges roughly from $100 million–$1 billion and would take 6–11 years.

How much money does Puerto Rico have to pay for solar?

Up to $190 million is available to Puerto Rico’s Housing Administration and a private company to pay for solar and battery installations in public housing common areas and subsidized, multifamily housing properties. Another $175 million is available for certain healthcare and dialysis centers.

Why did Puerto Rico get a power outage?

The announcement comes as the U.S. territory continues to struggle with chronic power outages that have worsened since Hurricane Maria pummeled the island as a powerful Category 4 storm in 2017, razing the electric grid. The outages also are blamed on a lack of maintenance and investment in its electric grid for decades.