William R. Derasmo was a featured speaker at the EUCI Fundamentals of Battery Storage workshop titled, "The Economic Potential of Energy Storage." The event took place January 28, 2020 in Nashville, TN.
OVERVIEW
Energy storage is a favorite technology of the future for good reasons. Many people see affordable storage as the missing link between intermittent renewable power, such as solar and wind, and 24/7 reliability. Utilities are intrigued
by the potential for storage to meet other needs such as relieving congestion and smoothing out the variations in power that occur independent of renewable-energy generation. The challenge of decreasing the gap between intermittent
renewable power and 100% reliability is affordable storage of that energy.
Identifying the most economical projects and highest-potential customers for storage is a top priority for a diverse set of companies including power providers, grid operators, battery manufacturers, energy-storage integrators, and more. This workshop will discuss emerging legal and regulatory issues as well as specific methodologies to model in order to assess the economic value of storage in different applications. The workshop will demonstrate how to build a comprehensive cost-benefit analysis and illustrate these techniques through in-depth case studies.
LEARNING OUTCOMES
- Discuss emerging legal and regulatory issues for energy storage.
- Discuss the regulatory framework and state issues.
- Explain how to build a comprehensive cost-benefit analysis.
- Evaluate technical and economic modeling as well as the components for storage projects.
- Evaluate how to properly size batteries for a project.
- Discuss several utility case studies.