Energy storage resources are expected to play an important role in the power system of the future, and electric utilities now face a growing need to evaluate them comprehensively in resource plans. Storage resources can offer a broader set of value attributes than traditional generation resources by participating in multiple wholesale markets for energy, capacity, and ancillary services, while also providing targeted transmission and distribution system value.
In this presentation, CRA Energy Practice consultants Jim McMahon and Pat Augustine led a practical discussion of storage value from a resource planning perspective, including case study examples illustrating the potential storage value stack, the role of storage in mitigating long-term customer cost risk, and considerations for storage’s role in a deeply decarbonized future.
Energy Tranisition: Making money with renewables
The promise of growth from renewables is unquestionable, but the attractiveness of the sector’s returns is widely debated. In this short article, we look at...