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.
Introduction to V2G: A critical technology to enable the energy transition
The rapid growth of electric vehicles (EVs) and associated charging infrastructure will create fundamental challenges to energy systems without smart charging...