Assigning value to energy storage systems at multiple points in an electrical grid

Journal Article · Sun Dec 31 23:00:00 EST 2017 · Energy & Environmental Science

DOI:https://doi.org/10.1039/C8EE00569A· OSTI ID:1495025

Balducci, Patrick J. ^[1]; Alam, M. Jan E. ^[1]; Hardy, Trevor D. ^[1]; Wu, Di ^[1]

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1. Pacific Northwest National Laboratory; Richland; USA

The ability to define the potential value that energy storage systems (ESS) could generate through various applications in electric power systems, and an understanding of how these values change due to variations in locations, ESS performance and parameters, market structure, utility structures, and valuation methodologies is highly important in advancing ESS deployment. This paper presents the outcome of an effort to assign benefits values, or more precisely ranges of values, to major ESS applications, and summarize and evaluate the capabilities of several available tools currently used to estimate value for specific ESS deployments.

• Research Organization: Pacific Northwest National Laboratory (PNNL), Richland, WA (United States)
• Sponsoring Organization: USDOE
• DOE Contract Number: AC05-76RL01830
• OSTI ID: 1495025
• Report Number(s): PNNL-SA-130624
• Journal Information: Energy & Environmental Science, Journal Name: Energy & Environmental Science Journal Issue: 8 Vol. 11; ISSN EESNBY; ISSN 1754-5692
• Publisher: Royal Society of Chemistry
• Country of Publication: United States
• Language: English

Related Subjects

energy storage valuation
balducci
energy storage models