Virginia proposes 20.78GW storage mandate as Trump, governors call for emergency PJM grid measures

AI Summary

• •Virginia proposes a substantial 20.78GW energy storage mandate, creating a significant new market for storage developers and investors.
• •The mandate is a direct response to unprecedented electricity demand growth in the state, primarily driven by large data center loads.
• •The proposed legislation coincides with calls for emergency PJM grid measures, highlighting escalating grid reliability concerns and potential regulatory interventions.
• •Large power consumers, particularly data centers, are the primary drivers of this demand growth and will be directly impacted by grid stability initiatives and potential policy changes.