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Title: Hybrid Storage Market Assessment: A JISEA White Paper

Abstract

This white paper evaluates which markets are best suited for battery storage and storage hybrids and reviews regulations and incentives that support or impede the implementation of standalone storage and battery hybrids. The costs of battery storage technologies have dropped in recent years, resulting in a seven-fold increase in installed capacity over the last decade (1). These technologies offer an attractive rate of return in some locations; however, cost and regulatory barriers still limit the market for storage. Hybridizing a battery (combining the battery with a generator) can in some instances reduce total system costs and increase value compared to separate installations. The fast ramping and dispatchability of a battery can complement the generator to provide services that neither battery nor generator could provide alone. Battery hybrids also benefit from some policy incentives and may be better able to meet market and regulatory requirements.

Authors:
 [1];  [1];  [1];  [1];  [1];  [1];  [1];  [1];  [1];  [2];  [2];  [2]
  1. National Renewable Energy Laboratory (NREL), Golden, CO (United States)
  2. HOMER Energy, Boulder, CO (United States)
Publication Date:
Research Org.:
National Renewable Energy Lab. (NREL), Golden, CO (United States)
Sponsoring Org.:
Joint Institute for Strategic Energy Analysis (JISEA)
OSTI Identifier:
1399357
Report Number(s):
NREL/MP-6A50-70237
DOE Contract Number:
AC36-08GO28308
Resource Type:
Technical Report
Country of Publication:
United States
Language:
English
Subject:
25 ENERGY STORAGE; 29 ENERGY PLANNING, POLICY, AND ECONOMY; battery storage; storage technologies; hybrid storage market; storage assessment; battery hybrids

Citation Formats

Ericson, Sean J., Rose, Eric, Jayaswal, Harshit, Cole, Wesley J., Engel-Cox, Jill, Logan, Jeffery, McLaren, Joyce A., Anderson, Katherine H, Arent, Douglas J., Glassmire, John, Klawiter, Steffi, and Rajasekaran, Dhiwaakar. Hybrid Storage Market Assessment: A JISEA White Paper. United States: N. p., 2017. Web. doi:10.2172/1399357.
Ericson, Sean J., Rose, Eric, Jayaswal, Harshit, Cole, Wesley J., Engel-Cox, Jill, Logan, Jeffery, McLaren, Joyce A., Anderson, Katherine H, Arent, Douglas J., Glassmire, John, Klawiter, Steffi, & Rajasekaran, Dhiwaakar. Hybrid Storage Market Assessment: A JISEA White Paper. United States. doi:10.2172/1399357.
Ericson, Sean J., Rose, Eric, Jayaswal, Harshit, Cole, Wesley J., Engel-Cox, Jill, Logan, Jeffery, McLaren, Joyce A., Anderson, Katherine H, Arent, Douglas J., Glassmire, John, Klawiter, Steffi, and Rajasekaran, Dhiwaakar. Mon . "Hybrid Storage Market Assessment: A JISEA White Paper". United States. doi:10.2172/1399357. https://www.osti.gov/servlets/purl/1399357.
@article{osti_1399357,
title = {Hybrid Storage Market Assessment: A JISEA White Paper},
author = {Ericson, Sean J. and Rose, Eric and Jayaswal, Harshit and Cole, Wesley J. and Engel-Cox, Jill and Logan, Jeffery and McLaren, Joyce A. and Anderson, Katherine H and Arent, Douglas J. and Glassmire, John and Klawiter, Steffi and Rajasekaran, Dhiwaakar},
abstractNote = {This white paper evaluates which markets are best suited for battery storage and storage hybrids and reviews regulations and incentives that support or impede the implementation of standalone storage and battery hybrids. The costs of battery storage technologies have dropped in recent years, resulting in a seven-fold increase in installed capacity over the last decade (1). These technologies offer an attractive rate of return in some locations; however, cost and regulatory barriers still limit the market for storage. Hybridizing a battery (combining the battery with a generator) can in some instances reduce total system costs and increase value compared to separate installations. The fast ramping and dispatchability of a battery can complement the generator to provide services that neither battery nor generator could provide alone. Battery hybrids also benefit from some policy incentives and may be better able to meet market and regulatory requirements.},
doi = {10.2172/1399357},
journal = {},
number = ,
volume = ,
place = {United States},
year = {Mon Oct 09 00:00:00 EDT 2017},
month = {Mon Oct 09 00:00:00 EDT 2017}
}

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