Market Studies

Indian Point Replacement Analysis by Strategen Consulting

In January 2017, Governor Andrew Cuomo announced a negotiated agreement to close Indian Point nuclear facilities. At that time, he committed to replace the plant’s two units with clean energy, with no net increase in carbon emissions. This is a big goal, but one New York can achieve by using a portfolio of resources which includes energy storage. Strategen Consulting has completed an analysis that shows 450MW of battery storage can fill the capacity gap created through the closure of Indian Point while also saving New Yorkers money. The analysis shows an estimated $315 million savings over a five-year period to customers when compared to more traditional resource replacement scenarios.

 

 (5/5/2017)
NYSERDA Energy Storage and NY-BEST Program: Market Characterization and Assessment

This report was commissioned by NYSERDA, with the research being performed by EMI Consulting and Industrial Economics, Inc. The report examines the global market for energy storage technologies, and how the market is maturing. Once conclusions about the global market are drawn the report begins to focus specifically on New York State's energy storage industry. The report indicates that, on a per capita basis, New York's energy storage industry trails only California in size. 

 

 (2/2/2017)
Installed Cost Benchmarks and Deployment Barriers for Residential Solar Photovoltaics with Energy Storage: Q1 2016

This report explores how the market for combined solar and storage is growing and changing. It indicates that the majority of deployments are in front of the meter, but expects that the industry changes to roughly half in front of the meter and half behind the meter by 2021. The report includes comparisons of both small size and large size battery systems combined with solar, as well as AC vs. DC energy storage systems. 

 (2/1/2017)
The Energy Storage Industry in New York State: Recent Growth and Projections 2015 Update

The New York State Energy Research and Development Authority (NYSERDA) announced that jobs in the State’s energy storage sector grew to approximately 3,900 – a 30 percent increase from 2012 through 2015, according report completed in October 2016. New York’s commitment to clean energy, including its nation-leading energy goals, have helped spur the strong growth, which also saw annual industry revenues reach an estimated $906 million during the same time period, a 50 percent increase.  The report, “The Energy Storage Industry in New York State: Recent Growth and Projections 2015 Update,” was funded by NYSERDA and issued by Industrial Economics Inc.

 (1/19/2017)
Advanced Energy Now: 2017 Market Report

This report examines the market for all distributed energy resources, including energy storage. The report extensively discusses New York's Reforming the Energy Vision Initiative, and the various demonstration projects that are underway in the state. The report indicates that energy storage has experienced the highest growth rate of all DERs, and that its importance will only continue to grow. 

 (1/1/2017)
IRENA: REthinking Energy 2017

This report is focused on the international market for distributed energy resources, including energy storage. There is a large section that focuses on the development of rural mini grids. The lessons from construction of these mini grids can be helpful in the development of microgrids, that are meant to improve the reliability of the state's energy infrastructure. 

 (1/1/2017)
Integrated Energy Storage in US

Whether powering cellphones or keeping laptops charged, energy storage has
become a daily function in our lives. Now, these storage systems are poised to help
supply power to homes, cars, and power plants. The rapidly falling cost of energy
storage technologies in recent years is encouraging wider adoption by utilities, commercial
business, and homeowners, and it is important that policymakers proactively
drive greater integration of energy storage within the broader electricity grid.

 (2/16/2016)
How Energy Storage Can Participate in New England’s Wholesale Electricity Markets
This paper outlines the opportunities available to energy storage technologies to be compensated in the wholesale energy markets for providing services needed for a reliable, efficient, and competitive power system. While this paper provides a general overview, it does not contemplate all possible energy storage
technologies and is not a substitute for the applicable tariff sections Project developers and other interested partiesare encouraged to contact the ISO to discuss market opportunities as well as operational requirements because every energy storage project is unique
 (2/2/2016)
Review of energy system flexibility measures to enable high levels of variable renewable electricity

The paper reviews different approaches, technologies, and strategies to manage large-scale schemes of variable renewable electricity such as solar and wind power. We consider both supply and demand side measures. In addition to presenting energy system flexibility measures, their importance to renewable electricity is discussed. The flexibility measures available range from traditional ones such as grid extension or pumped hydro storage to more advanced strategies such as demand side management and demand side linked approaches, e.g. the use of electric vehicles for storing excess electricity, but also providing grid support services. Advanced batteries may offer new solutions in the future, though the high costs associated with batteries may restrict their use to smaller scale applications. Different “P2Y”- type of strategies, where P stands for surplus renewable power and Y for the energy form or energy service to which this excess in converted to, e.g. thermal energy, hydrogen, gas or mobility are receiving much attention as potential flexibility solutions, making use of the energy system as a whole. To “functionalize” or to assess the value of the various energy system flexibility measures, these need often be put into an electricity/energy market or utility service context. Summarizing, the outlook for managing large amounts of RE power in terms of options available seems to be promising.

 (5/6/2015)
The Joint Center for Energy Storage Research: A New Paradigm for Battery Research and Development

The Joint Center for Energy Storage Research (JCESR) seeks transformational change in transportation and the electricity grid driven by next generation high performance, low cost electricity storage. To pursue this transformative vision JCESR introduces a new paradigm for battery research: integrating discovery science, battery design, research prototyping and manufacturing collaboration in a single highly interactive organization. This new paradigm will accelerate the pace of discovery and innovation and reduce the time from conceptualization to commercialization. JCESR applies its new paradigm exclusively to beyond-lithium-ion batteries, a vast, rich and largely unexplored frontier. This review presents JCESR’s motivation, vision, mission, intended outcomes or legacies and first year accomplishments.

 (3/1/2015)

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