ES4SE News & Events
News and Announcements
Energy Storage Financing for Social Equity Report Published
Energy storage technologies are uniquely qualified to help energy projects with a social equity component achieve better financing options while providing the needed benefits for the community. Because of their flexible operational nature, energy storage systems are often used when targeting multiple applications. Project financing is typically focused only on explicit financial returns on investment for clearly defined applications such as peak shaving or onsite renewable generation. However, the energy industry commonly uses non-financial performance metrics such as reliability to determine both qualification for, and success of, project development. The growth of Environmental, Social, and Governance (ESG) metrics for such issues as energy independence, air quality, job creation, etc. is a similar effort as it highlights other non-financial issues important to the community. By developing metrics for these ESG goals, a blended goal setting for energy projects utilizing energy storage systems can be developed. As financing groups are increasingly taking ESG metrics into account for project funding decision making, this raises the opportunity for such projects to be funded based on more than just direct financial returns.
Recommended Citation: Mustang Prairie Energy, & Baxter, R. B. (2022, June). Energy Storage Financing for Social Equity. https://www.pnnl.gov/sites/default/files/media/file/Energy%20Storage%20Financing%20for%20Social%20Equity%20Report.pdf
Past Events
Energy Storage for Social Equity Informational Webinar
Monday, November 8, 3–4 PM ET
In this webinar, Pacific Northwest National Laboratory (PNNL) and Sandia National Laboratories (Sandia) will introduce the Energy Storage for Social Equity Initiative (ES4SE), sponsored by the U.S. Department of Energy’s (DOE) Office of Electricity Energy Storage Program. ES4SE is designed to empower urban, rural, tribal, and indigenous disadvantaged communities to consider energy storage technologies and applications as a viable path towards community prosperity, well-being, and resilience. During this webinar you will become acquainted with the application process, eligibility criteria, and technical assistance program offerings. The webinar will also include a Q&A session.
View the webinar recording here.
Energy Storage for Social Equity (ES4SE): An Introduction to the DOE-OE Initiative
Monday, November 1, 3–4 PM ET
In this webinar hosted by the Clean Energy States Alliance, PNNL and Sandia National Laboratories (Sandia) will introduce the Energy Storage for Social Equity Initiative (ES4SE), sponsored by the DOE Office of Electricity Energy Storage Program. ES4SE is designed to empower urban, rural, tribal, and indigenous disadvantaged communities to consider energy storage technologies and applications as a viable path toward community prosperity, well-being, and resilience. Hear from energy storage experts at PNNL and Sandia about how energy storage can lead to equitable outcomes and get a brief overview of technical assistance and deployment program details and eligibility criteria.