Transmission deferral energy storage consumer energy

Is energy storage a transmission asset?

Storage as a transmission asset: Deploying storage systems strategically on the transmission network can help address multiple grid challenges and provide valuable services. Several states have initiated studies to evaluate the role of energy storage as a transmission asset.

How much does distribution upgrade deferral cost?

On distribution upgrade deferral, it was noted that distribution system costs are driven by non-coincident, local peak loads with deferral value estimated at $14/kW-year (Schmitt & Sanford, 2018).

Should electric power companies deploy decentralized storage assets?

Storage as an equity asset: By deploying decentralized storage assets, electric power companies can help provide reliable, resilient, clean, and affordable electricity to low-income communities.

How has technology impacted energy storage deployment?

Technological breakthroughs and evolving market dynamics have triggered a remarkable surge in energy storage deployment across the electric grid in front of and behind-the-meter (BTM).

How can energy storage be used to reduce capacity charge?

Power purchase agreement: energy storage can be used to reduce capacity charge. Vertically integrated utilities: capacity value can be estimated based on the incremental cost of next best alternative investment (e.g., peaking combustion turbine) to meet the load.

What drives energy storage growth?

Energy storage growth is generally driven by economics, incentives, and versatility. The third driver—versatility—is reflected in energy storage’s growing variety of roles across the electric grid (figure 1).