Valuing the Resilience Provided by Solar and Battery Energy Storage Systems
Abstract
This paper explores the impact of valuing resilience on the economics of photovoltaics (PV) and storage systems for commercial buildings. The analysis presented here illustrates that accounting for the cost of grid power outages can change the breakeven point for PV and storage system investment, and increase the size of systems designed to deliver the greatest economic benefit over time. In other words, valuing resilience can make PV and storage systems economical in cases where they would not be otherwise. As storage costs decrease, and outages occur more frequently, PV and storage are likely to play a larger role in building design and management considerations.
- Authors:
-
- National Renewable Energy Laboratory (NREL), Golden, CO (United States)
- Clean Energy Group
- Publication Date:
- Research Org.:
- National Renewable Energy Lab. (NREL), Golden, CO (United States)
- Sponsoring Org.:
- USDOE Office of Energy Efficiency and Renewable Energy (EERE), Energy Efficiency Office. Federal Energy Management Program Office
- OSTI Identifier:
- 1420058
- Report Number(s):
- NREL/BR-6A20-70679
- DOE Contract Number:
- AC36-08GO28308
- Resource Type:
- Program Document
- Country of Publication:
- United States
- Language:
- English
- Subject:
- 14 SOLAR ENERGY; 25 ENERGY STORAGE; photovoltaics; PV; soft costs; balance of systems; storage; resilience; building design; storage system investment; REopt
Citation Formats
McLaren, Joyce A, Mullendore, Seth, Laws, Nicholas D, and Anderson, Katherine H. Valuing the Resilience Provided by Solar and Battery Energy Storage Systems. United States: N. p., 2018.
Web.
McLaren, Joyce A, Mullendore, Seth, Laws, Nicholas D, & Anderson, Katherine H. Valuing the Resilience Provided by Solar and Battery Energy Storage Systems. United States.
McLaren, Joyce A, Mullendore, Seth, Laws, Nicholas D, and Anderson, Katherine H. 2018.
"Valuing the Resilience Provided by Solar and Battery Energy Storage Systems". United States. https://www.osti.gov/servlets/purl/1420058.
@article{osti_1420058,
title = {Valuing the Resilience Provided by Solar and Battery Energy Storage Systems},
author = {McLaren, Joyce A and Mullendore, Seth and Laws, Nicholas D and Anderson, Katherine H},
abstractNote = {This paper explores the impact of valuing resilience on the economics of photovoltaics (PV) and storage systems for commercial buildings. The analysis presented here illustrates that accounting for the cost of grid power outages can change the breakeven point for PV and storage system investment, and increase the size of systems designed to deliver the greatest economic benefit over time. In other words, valuing resilience can make PV and storage systems economical in cases where they would not be otherwise. As storage costs decrease, and outages occur more frequently, PV and storage are likely to play a larger role in building design and management considerations.},
doi = {},
url = {https://www.osti.gov/biblio/1420058},
journal = {},
number = ,
volume = ,
place = {United States},
year = {Mon Feb 05 00:00:00 EST 2018},
month = {Mon Feb 05 00:00:00 EST 2018}
}
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