The purpose of this analysis is to examine how the value proposition for energy storage changes as a function of wind and solar power penetration. It uses a grid modeling approach comparing the operational costs of an electric power system both with a...
June 4, 2015
minute read time
The purpose of this analysis is to examine how the value proposition for energy storage changes as a function of wind and solar power penetration. It uses a grid modeling approach comparing the operational costs of an electric power system both with and without added storage. It creates a series of scenarios with increasing wind and solar power penetration and examines how the value of storage changes. It also explores the mechanisms behind this change in value, including the change in on-peak and off-peak price differentials and the cost of operating reserves created by increased penetration of wind and solar energy.