Energy Storage Is Cost-Effective but Needs a Clear Market Signal

New system models are showing that energy storage is cost-effective when its full range of services and benefits are fairly accounted for. The reason for this is that energy storage can deliver multiple services from one resource (e.g., reducing peak demand and providing frequency regulation). It is also recognized as a necessary part of the grid of the future: with more intermittent renewables, increasingly scarce and expensive fossil fuels, and system goals including emissions reductions and greater efficiency, energy storage is needed system-wide.

Energy storage will help bring more renewable energy resources on-line, reduce pollution, increase system efficiency and reliability, and decrease costs for ratepayers. Because any new energy storage added to the system must be cost-effective by law, everybody wins. For this reason, we applaud Commissioner Peterman’s vision — and encourage all stakeholders to consider her proposed target as a floor, rather than a ceiling.

Source and read more 

If you want to know more about this and other topics directly from end users of energy storage technologies join us at one of these annual events: The Energy Storage World Forum (Grid Scale Applications), or The Residential Energy Storage Forum, or one of our Training Courses.

LATEST ARTICLES

Battery Storage for Commercial & Industry

Powerful battery storage offers many advantages in terms of saving electricity costs and a reliable power supply. With this technology, companies retain control of their energy supply and costs. The battery storage system is charged when energy is cheaply available and it supplies the stored electricity when prices are at their highest. With applications such…

Read More

Product Development: Embracing product safety and compliance

PRODUCT DEVELOPMENT: EMBRACING PRODUCT SAFETY AND COMPLIANCE Recent safety incidents on storage plants have raised concerns about the fire safety of battery storage systems. Such events are extremely rare compared to the cumulated global deployments of energy storage systems, which have reached more than 27 GWh by end of 2020 (Wood Mackenzie 2021). However, for…

Read More

★REVIEWS

“Probably the most interactive and well organized storage event on the calendar.”

★★★★★

Sales Director, S&C

“Great topics, competent speakers, good networking: keep it like that.”

★★★★★

TLC & SCADA Manager, FRI-EL

“High scientific content, well targeted, perfect organization.”

★★★★★

Expert Technical & Governance, Elia

Excellent networking event. The sponsorship was well worth it.”

★★★★★

Manager, ATL

View More

x