HB 3758 / SB 2497 will proactively address impending energy challenges facing Illinois by creating 15,000 MW of clean energy storage, which would reduce energy costs for Illinois families and businesses, prevent blackouts, create jobs, and help Illinois meet its climate goals.
Illinois is currently on a trajectory for our energy demand to outpace our supply in just a few years. This will cause dramatic increases in energy costs and put the state at greater risk of blackouts. If Illinois’ clean energy and storage development is not strengthened to close this gap, it will lead to increased likelihood of power outages and rising energy bills.
Not only will HB 3758 / SB 2497 create a robust clean energy storage ecosystem in Illinois, but it will also make other improvements to hasten the pace of adding energy supply to the grid to further reduce costs, as well as establishing a Virtual Power Plant (VPP) program, which allows small-scale resources to push combined energy to the grid.
In summary, the goal of HB 3758 / SB 2497 is to improve the reliability of the Illinois energy grid that powers the Illinois economy while delivering net cost savings to Illinois consumers and economic benefits to Illinois between 2030 and 2049, further ushering in a golden age of future energy.