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Product Abstract

Energy Storage Cost Summary for Utility Planning: Executive Summary

Product ID:3002008877
Date Published:14-Nov-2016
Pages:24
Sector Name:Power Delivery & Utilization - Distribution & Utilization
Document Type:Technical Results
Price:No Charge

This Product is publicly available

   930.63 KB - Adobe PDF (.pdf)

Abstract

This an executive summary of a report that was prepared as a utility resource for planners and others involved in evaluating energy storage. As grid-connected energy storage installations transition from the demonstration phase to commercial deployment, it becomes increasingly important to understand the cost and valuation of storage. This is especially true when comparing to conventional generation or “wires-based” alternatives. This report provides projected installed costs for energy storage systems assuming installation and start of commercial operation in 2017 and discusses various cost metrics used for storage and their applicability. Additionally, this report illustrates importance of pre-determining energy storage value as well as cost. Due to a multitude of energy storage sizes, locations, and uses, comparisons based on simplified duty cycle assumptions have potential to mislead planners and investors.

Program
2016 Program 94   Energy Storage and Distributed Generation
Keywords
  • Energy Storage
  • Resource Planning
  • Executive Summary
  • Installation Costs
Report
000000003002008877
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