Land reserve projects lay the foundation for land financialization by producing reserved land, which can become a tradable commodity or mortgage. Land reserve projects have four steps, including land acquisition, the primary development of land (or site preparation), land holding, and land disposition ( Huang and Chan, 2018 ).
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DOER’s recommendations intend to lower the barriers for energy storage deployment and use; improve the siting process; increase resiliency across the Commonwealth, particularly for environmental justice (EJ) and low- and moderate-income (LMI) communities; and spur the commercialization of MDES and LDES technologies, which will provide .
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And there are numerous pain points along the way, such as raw material and mineral shortages in addition to issues accessing those resources, the impact of traditional mining on both the environment and nearby populations, cost issues around the procurement and recycling of core materials, and expectations that manufacturing will lag the growth in demand.
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