Beyond Renewable Integration: The Energy Storage Value Proposition
Energy storage has the potential to improve the power system and reshape the way we approach energy supply. While it does not fit into an established grid category, this transformative technology provides flexibility within grid operations by shifting electricity supply to peak loads throughout the day. Storing energy also increases efficiency by providing services as a generation, transmission and distribution, and behind-the-meter resource.
In this report, ScottMadden and ACORE explore the following questions as they pertain to storing energy:
- What are the specific applications for energy storage?
- How do these applications provide benefit?
- What are some real examples of these applications in practice?
- How can energy storage benefits best be valued and monetized to accelerate adoption?
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