The Things You Always Wanted to Know, but Were too Afraid to Ask, about Energy Storage
- Jan 13, 2019 11:41 pm GMT
This item is part of the Special Issue - 2019-01 - Predictions & Trends, click here for more
As energy storage, especially battery storage, continues to see market gains, adoption of the technology is growing. But what are the complexities of introducing battery storage into the marketplace? Why is pricing energy storage so challenging and what effect does it have on energy storage procurement? How do energy storage ownership models impact adoption? Is benefit stacking really necessary for energy storage to be cost effective?
In storage, the tide is turning. Opening markets and improving economics are shifting attention to what it takes to implement storage projects. This includes addressing questions around best practices in procurement, business models, and owning and operating energy storage assets. As state commissions and legislatures continue to advance storage policy at the state level and FERC drives storage participation in wholesale markets, we are nearing a long-awaited inflection point for storage. Now, we need to focus on what will be required to implement these policies.
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