Innovative Business Cases for Energy Storage In a Restructured Electricity Marketplace, A Study for the DOE Energy Storage Systems Program
Abstract
This report describes the second phase of a project entitled ''Innovative Business Cases for Energy Storage in a Restructured Electricity Marketplace''. During part one of the effort, nine ''Stretch Scenarios'' were identified. They represented innovative and potentially significant uses of electric energy storage. Based on their potential to significantly impact the overall energy marketplace, the five most compelling scenarios were identified. From these scenarios, five specific ''Storage Market Opportunities'' (SMOs) were chosen for an in-depth evaluation in this phase. The authors conclude that some combination of the Power Cost Volatility and the T&D Benefits SMOs would be the most compelling for further investigation. Specifically, a combination of benefits (energy, capacity, power quality and reliability enhancement) achievable using energy storage systems for high value T&D applications, in regions with high power cost volatility, makes storage very competitive for about 24 GW and 120 GWh during the years of 2001 and 2010.
- Authors:
- Publication Date:
- Research Org.:
- Sandia National Lab. (SNL-NM), Albuquerque, NM (United States); Sandia National Lab. (SNL-CA), Livermore, CA (United States)
- Sponsoring Org.:
- US Department of Energy (US)
- OSTI Identifier:
- 809613
- Report Number(s):
- SAND2003-0362
TRN: US200307%%737
- DOE Contract Number:
- AC04-94AL85000
- Resource Type:
- Technical Report
- Resource Relation:
- Other Information: PBD: 1 Feb 2003
- Country of Publication:
- United States
- Language:
- English
- Subject:
- 25 ENERGY STORAGE; BUSINESS; CAPACITY; ELECTRICITY; ENERGY STORAGE; ENERGY STORAGE SYSTEMS; EVALUATION; MARKET; RELIABILITY; STORAGE; VOLATILITY
Citation Formats
IANNUCCI, JOE, EYER, JIM, and BUTLER, PAUL C. Innovative Business Cases for Energy Storage In a Restructured Electricity Marketplace, A Study for the DOE Energy Storage Systems Program. United States: N. p., 2003.
Web. doi:10.2172/809613.
IANNUCCI, JOE, EYER, JIM, & BUTLER, PAUL C. Innovative Business Cases for Energy Storage In a Restructured Electricity Marketplace, A Study for the DOE Energy Storage Systems Program. United States. https://doi.org/10.2172/809613
IANNUCCI, JOE, EYER, JIM, and BUTLER, PAUL C. 2003.
"Innovative Business Cases for Energy Storage In a Restructured Electricity Marketplace, A Study for the DOE Energy Storage Systems Program". United States. https://doi.org/10.2172/809613. https://www.osti.gov/servlets/purl/809613.
@article{osti_809613,
title = {Innovative Business Cases for Energy Storage In a Restructured Electricity Marketplace, A Study for the DOE Energy Storage Systems Program},
author = {IANNUCCI, JOE and EYER, JIM and BUTLER, PAUL C},
abstractNote = {This report describes the second phase of a project entitled ''Innovative Business Cases for Energy Storage in a Restructured Electricity Marketplace''. During part one of the effort, nine ''Stretch Scenarios'' were identified. They represented innovative and potentially significant uses of electric energy storage. Based on their potential to significantly impact the overall energy marketplace, the five most compelling scenarios were identified. From these scenarios, five specific ''Storage Market Opportunities'' (SMOs) were chosen for an in-depth evaluation in this phase. The authors conclude that some combination of the Power Cost Volatility and the T&D Benefits SMOs would be the most compelling for further investigation. Specifically, a combination of benefits (energy, capacity, power quality and reliability enhancement) achievable using energy storage systems for high value T&D applications, in regions with high power cost volatility, makes storage very competitive for about 24 GW and 120 GWh during the years of 2001 and 2010.},
doi = {10.2172/809613},
url = {https://www.osti.gov/biblio/809613},
journal = {},
number = ,
volume = ,
place = {United States},
year = {Sat Feb 01 00:00:00 EST 2003},
month = {Sat Feb 01 00:00:00 EST 2003}
}