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Senate committee hears bill for reliability‑indexing credits to spur large battery storage; bill re‑referred
Summary
Senators heard testimony on SB 111, a proposal to create a pilot allowing long‑term agreements and a reliability‑indexing credit for large battery storage projects; developers and the Department of Energy urged more study. The committee voted to send SB 111 to executive session and then re‑refer it for further work.
Senate Energy and Natural Resources Committee members heard testimony on SB 111, introduced by Senator David Waters (District 4), a bill to authorize a reliability‑indexing credit pilot program to support large, grid‑scale battery storage in New Hampshire.
Supporters told the committee the bill is intended to encourage developers to build multi‑megawatt battery projects in the state by allowing electric distribution companies to enter multi‑year contracts that pay a dynamic “reliability indexing” credit offset by revenues those projects earn in the ISO New England wholesale markets. James Andrews, chief executive officer of Granite Shore Power, told the committee SB 111 “is part of that solution set, not the only solution,” and described how market revenues would…
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