In February, Strategen Consulting prepared an analysis of the costs of battery storage for the [new gas plant] site, and found that while batteries would likely represent higher capital costs, that the estimated lifetime levelized cost of electricity from a battery system was much lower than those of the gas peaker plants that Entergy is planning.
Storage's potential to site alongside solar and wind is growing in the U.S. and leading to more investments. Storage developers and analysts view the J.P. Morgan investment as part of this broader trend. Strategen COO Mark Higgins contrasts the early days of solar with the early days of storage. Unlike solar 10 years ago, many “[storage] players can scale to a large market, which is easier to finance.”
This article by Strategen CEO Janice Lin examines how economic forces, advances in storage technology, increasingly diverse generation assets, and ultimately the recognition that energy storage makes existing infrastructures more efficient and resilient, will reinforce the role of energy storage as the bedrock of the 21st-century grid.
However, as Janice Lin told Energy-Storage.news at the show, it isn’t always just when renewables and batteries are paired directly together that decarbonisation becomes a more achievable goal.
“The world is waking up to [energy storage’s] potential as a game changer in the power sector, transportation sector and what’s coming now is also as a game changer in the gas sector,” Lin said.
A 2017 study produced by the University of Minnesota Energy Transition Lab with Strategen Consulting found Minnesota could use energy storage as part of a “least-cost path forward” in direct competition with gas turbines. The study helped lead to Minnesota electric cooperative Connexus Energy to implement an innovative Solar + Storage program (15 MW of battery energy storage). The program will be the first major storage project in the state.
Arizona is setting out to prove clean energy leadership doesn't exist solely in coastal states like California and New York.
Andrew Tobin, a member of the Arizona Corporation Commission, proposed a clean energy overhaul Tuesday that would put the state at the front of the pack. The Energy Modernization Plan aims to produce one of the cleanest energy mixes in the nation, while lowering prices for consumers and improving grid reliability.
Arizona utility regulator Andy Tobin on Tuesday announced a proposal for utilities in his state to site 80% of their electricity from renewables and nuclear by 2050 and deploy 3,000 MW of energy storage by 2030, along with reforms to boost energy efficiency, electric vehicles and biomass.
The proposed "Clean Peak Standard" in Tobin's Energy Modernization Plan would require utilities to deliver an increasing portion of their renewable energy during peak electricity demand hours, incentivizing storage deployment. A similar proposal was floated in 2016 by the state consumer advocate.
Steps taken in California to enable energy storage systems to provide multiple services and to ‘stack revenues’ are “an essential starting point” for the industry, the head of California’s Energy Storage Alliance (CESA) has said.
In mid-January, California’s Public Utilities’ Commission (CPUC), the state regulator, issued a Proposed Decision on “Multiple use application issues” affecting energy storage systems connected to the grid.
A state regulator wants the majority of Arizona’s electricity to come from clean energy sources by 2050.
On Tuesday, Arizona Corporation Commissioner Andy Tobin released a plan that would give Arizona one of the most aggressive renewable energy goals in the country: 80 percent by 2050. The state’s current target is 15 percent by 2025.
The proposal encourages more battery storage, biomas-related fuels, energy efficiency and new infrastructure for electric vehicles. It also aims to better align Arizona’s renewable energy mix with demand
An Arizona utility regulator has made a sweeping energy policy reform proposal, which includes a call for 80% of the state’s electricity generation to come from clean energy by 2050 along with the goal of having 3 GW of energy storage deployed by 2030.
Introduced by Arizona Corporation Commissioner Andy Tobin, the plan would build on the state’s current 15% by 2025 renewable energy standard established by the Arizona Corporation Commission (ACC) in 2006 and make Arizona home to some of the most aggressive clean energy and storage targets in the U.S.
Some say pilot projects are a way to avoid the risk of real innovation, but a proposed Xcel Energy pilot to test time-of-use (TOU) rates is charging at innovation and winning praise as it goes.
Xcel’s objectives are to find out how to effectively engage customers and if price signals can get customers to shift energy usage away from the peak, Aakash Chandarana, Xcel VP of Rates and Regulatory Affairs, told Utility Dive. Utility surveys consistently find customers “don’t really care,” he said. "This pilot will allow Xcel to test what our customers truly want.”
Like solar photovoltaic (PV) panels a decade earlier, battery electricity storage systems offer enormous deployment and cost-reduction potential, according to this study by the International Renewable Energy Agency (IRENA). By 2030, total installed costs could fall between 50% and 60% (and battery cell costs by even more), driven by optimisation of manufacturing facilities, combined with better combinations and reduced use of materials. Battery lifetimes and performance will also keep improving, helping to reduce the cost of services delivered. Lithium-ion battery costs for stationary applications could fall to below USD 200 per kilowatt-hour by 2030 for installed systems.
New York City can cleanse its air, support more intermittent solar energy and help avert a potential "capacity crisis" in coming years by replacing some of its dirtiest and oldest fossil fuel-fired power plants with increasingly cost-competitive batteries, say energy storage experts….
"Battery storage debuted in the L.A. basin. Now it is ready for prime time in New York City," Huber said. "We are not claiming storage can make up for all of the shortfall. But it can add 400 to 500 MW by 2021."