2 options
The value of energy storage for grid applications / Paul Denholm [and four others].
Connect to full text Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Denholm, P. (Paul), author.
- Series:
- NREL/TP ; 6A20-58465.
- NREL/TP ; 6A20-58465
- Language:
- English
- Subjects (All):
- Energy storage--Valuation--United States.
- Energy storage.
- Interconnected electric utility systems--United States.
- Interconnected electric utility systems.
- Electric utilities--Rates--United States.
- Electric utilities.
- Electric power distribution--United States.
- Electric power distribution.
- Energy storage equipment industry.
- Electric utilities--Rates.
- United States.
- Genre:
- technical reports.
- Technical reports
- Technical reports.
- Physical Description:
- 1 online resource (vii, 37 pages) : color illustrations.
- Place of Publication:
- Golden, CO : National Renewable Energy Laboratory, 2013.
- Summary:
- This analysis evaluates several operational benefits of electricity storage, including load-leveling, spinning contingency reserves, and regulation reserves. Storage devices were simulated in a utility system in the western United States, and the operational costs of generation was compared to the same system without the added storage. This operational value of storage was estimated for devices of various sizes, providing different services, and with several sensitivities to fuel price and other factors. Overall, the results followed previous analyses that demonstrate relatively low value for load-leveling but greater value for provision of reserve services. The value was estimated by taking the difference in operational costs between cases with and without energy storage and represents the operational cost savings from deploying storage by a traditional vertically integrated utility. The analysis also estimated the potential revenues derived from a merchant storage plant in a restructured market, based on marginal system prices. Due to suppression of on-/off-peak price differentials and incomplete capture of system benefits (such as the cost of power plant starts), the revenue obtained by storage in a market setting appears to be substantially less than the net benefit provided to the system. This demonstrates some of the additional challenges for storage deployed in restructured energy markets.
- Notes:
- Title from title screen (viewed on Dec. 23, 2013).
- "May 2013."
- Includes bibliographical references (pages 35-37).
- Includes bibliographical references.
- OCLC:
- 866581184
- Publisher Number:
- 0000-0001-7128-4643 orcid
- 1079719 OSTI ID
- Access Restriction:
- Publicly released
The Penn Libraries is committed to describing library materials using current, accurate, and responsible language. If you discover outdated or inaccurate language, please fill out this feedback form to report it and suggest alternative language.