Energy Storage Futures, Vol 3, Diurnal Storage Economics
- Feb 17, 2022 3:55 pm GMT
The National Renewable Energy Laboratory (NREL) over the last year released a multivolume study titled “Storage Futures Study,” hereafter SFS. The high level goal of this is to model energy storage systems’ implementation out to 2050.
Section 3 of this report evaluated the economic potential of diurnal storage. As storage systems penetrated the utility-scale storage market over the last decade, they first penetrated the ancillary services market, which was rather small, then the market for peaking power which was much larger. The next step in this process is to evaluate the economic potential diurnal storage, which is defined as storage with a duration of up to 12-hours. Our Volume 3 of Energy Storage Futures is a summary of Section 3
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