The potential for battery energy storage to provide peaking capacity in the United States

Denholm, Paul; Nunemaker, Jacob; Gagnon, Pieter; Cole, Wesley

doi:10.1016/j.renene.2019.11.117

Cited by 90 publications

(41 citation statements)

References 30 publications

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“…Also, a fast-changing energy system landscape requires advanced quantification rules for emerging technology capacity contribution, including battery storage (Denholm et al 2020;Sioshansi et al 2013), DR (Parks 2019;Liu 2017), and hybrid resources (Mills and Rodriguez 2019;Byers and Botterud 2019). Additional research is needed to explore and capture the dynamics of capacity credits of these new technologies under different system configurations and market participation rules, and thereby to inform ISO market design.…”

Section: Capacity Rating and Capacity Credit Calculation Methodsmentioning

confidence: 99%

Research Priorities and Opportunities in United States Wholesale Electricity Markets

Sun

Levin

Kwon

et al. 2021

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The power system is currently undergoing a number of changes, including a rapidly evolving resource mix, growth of distributed energy resources (DERs), more active consumer participation, increased deployment of energy storage and hybrid resources, and more advanced communication and control requirements. These changes in the power system present numerous technical, economic, implementation, and policy challenges and research opportunities for power system operators. To help address these challenges, a collaboration among five research institutions-Argonne National Laboratory,

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Section: Capacity Rating and Capacity Credit Calculation Methodsmentioning

confidence: 99%

Research Priorities and Opportunities in United States Wholesale Electricity Markets

Sun

Levin

Kwon

et al. 2021

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show abstract

“…Storage value calculations require integrating storage dispatch into regional capacity expansion, load, or reliability models. For a detailed discussion of storage value, see Balducci et al (2018), Denholm et al (2019), Frew et al (2018), and Schmidt et al (2019). Similar to LCOE, LCOSS does not focus on value but rather can help track improvements to all costs of a utility-scale PV-plusstorage system over time (as opposed to just upfront costs), and the metric can provide limited comparisons with other dispatchable electricity generation technologies (e.g., natural gas).…”

Section: Utility-scale Levelized Cost Of Solar-plus-storagementioning

confidence: 99%

U.S. Solar Photovoltaic System and Energy Storage Cost Benchmark: Q1 2020 [PowerPoint]

Feldman

Ramdas

et al. 2021

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This report benchmarks U.S. solar photovoltaic (PV) system installed costs as of the first quarter of 2020 (Q1 2020). We use a bottom-up method, accounting for all system and project development costs incurred during installation to model the costs for residential, commercial, and utility-scale PV systems, with and without energy storage. We attempt to model typical installation techniques and business operations from an installed-cost perspective. Costs are represented from the perspective of the developer/installer; thus, all hardware costs represent the price at which components are purchased by the developer/installer, not accounting for preexisting supply agreements or other contracts. Importantly, the benchmark also represents the sales price paid to the installer. Therefore, it includes profit in the cost of the hardware 1 ; the profit the installer/developer receives is reported as a separate cost category on top of all other costs to approximate the final retail price paid to the installer/developer. However, we do not include any additional profit, such as a developer fee or price gross-up, which is common in the marketplace. We adopt this approach owing to the wide variation in developer overhead and profit in all three sectors (residential, commercial, and utility-scale), where project pricing depends greatly on the region and project specifics such as local retail electricity rate structures, local rebate and incentive structures, competitiveness of the environment, and overall project or deal structures. Benchmarks also assume a business environment without any impact from novel coronavirus pandemic. Finally, our benchmarks are national averages calculated using average values across all states. Table ES-1 summarizes the first-order benchmark assumptions. Table ES-1. Benchmark Assumptions Unit Description Values 2019 U.S. dollars (USD)a System Sizes PV systems are quoted in direct current (DC) terms; inverter prices are converted by DC-to-alternating current (AC) ratios; storage systems are quoted in terms of kilowatthours or megawatt-hours (kWh or MWh) of storage or the number of hours of storage at peak capacity. PV Sector Description Size Range Residential Residential rooftop systems, monocrystalline silicon modules 4kW-7 kW Commercial Commercial rooftop with ballasted racking and fixed-tilt groundmounted systems, monocrystalline silicon modules 100 kW-2 MW Utility-scale Ground-mounted systems, monocrystalline silicon modules, fixedtilt and one-axis tracking 5-100 MW a The dollar-per-watt total cost values are benchmarked as three significant figures, because the model inputs, such as module and inverter prices, use three significant figures.

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“…Energy storage could be used to improve reliability considerably, but its performance is difficult to evaluate at this stage. Storage could provide peaking capacity to satisfy peak loads, mitigate problems associated with ramp rates, and absorb renewable generation to prevent curtailment (Denholm et al, 2020;Stenclik et al, 2018). In addition, well-sited energy storage can reduce the need for new transmission and distribution assets (Xu and Singh, 2012).…”

Section: Emerging Technologiesmentioning

confidence: 99%

“…For example, PNM evaluates a range of capacity factors for new wind resources and characterizes the system reliability according to their geographic locations. About one-third of the utilities include sensitivities on the efficiency of storage, and they show that storage has great potential to reduce capacity needs when its cost falls or efficiency improves, especially under high additions of renewable generation resources (Denholm et al, 2020;Xu and Singh, 2012).…”

Section: Power Supplymentioning

confidence: 99%

Implications of a regional resource adequacy program on utility integrated resource planning: Study for the Western United States

Bodelon

Zhang

Leibowicz

et al. 2020

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The potential for battery energy storage to provide peaking capacity in the United States

Cited by 90 publications

References 30 publications

Research Priorities and Opportunities in United States Wholesale Electricity Markets

Research Priorities and Opportunities in United States Wholesale Electricity Markets

U.S. Solar Photovoltaic System and Energy Storage Cost Benchmark: Q1 2020 [PowerPoint]

Implications of a regional resource adequacy program on utility integrated resource planning: Study for the Western United States

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