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Title: 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:
 [1];  [2];  [1];  [1]
  1. National Renewable Energy Laboratory (NREL), Golden, CO (United States)
  2. 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), Federal Energy Management Program Office (EE-5F)
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

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. Mon . "Valuing the Resilience Provided by Solar and Battery Energy Storage Systems". United States. doi:. 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 = {},
journal = {},
number = ,
volume = ,
place = {United States},
year = {Mon Feb 05 00:00:00 EST 2018},
month = {Mon Feb 05 00:00:00 EST 2018}
}

Program Document:
Other availability
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