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.


The Energy Storage Industry in New York State: Recent Growth and Projections 2015 Update”(January 19, 2017)

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 January 2017. 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.

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.

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
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.

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.

US Energy Storage Market to grow 250% in 2015

The U.S. energy storage market grew 40% in 2014, installing 61.9 MW. GTM Research forecasts 220 MW of energy storage installations in 2015. By 2019, the U.S. will be an 861 MW annual market, valued at $1.5 billion

Batteries, Supercapacitors, Alternative Storage for Portable Devices 2009-2019 Batteries, capacitors,supercapacitors, fuel cells,alternatives
This report is directed towards those developing, marketing and using small electronic and
electrical devices, particularly those that are self-sufficient. There is therefore much to interest those with a technical background as well. The report looks hard at what comes next, particularly over the next ten years. 
Citi GPS Report: Investment Themes in 2015, Dealing with Divergence

Citi GPS is pleased to present our investment themes for 2015 and well wishes to all readers of the Citi GPS series successful investing in the year ahead. As in 2014, these themes are a mixture of macro and asset class views together with several ideas selected from our global industry analysis. At the end of each year we conduct a survey to ask users of Citi Research which themes they would like to see us tackle in the year ahead1. We have used the intelligence of this survey to scope this annual Citi GPS Investment Themes report.

Managing End-of-Life Lithium-ion Batteries: an Environmental and Economic Assessment

The growing market for lithium-ion batteries raises concerns about sustainable management of those batteries at end of life. Launching relevant policies requires a comprehensive understanding of potential economic values as well as environmental performance of end-of-life lithium-ion batteries. However, both recyclers and policymakers are facing a number of unanswered questions, including 1) how battery technology trajectory would affect the incentives for recycling? 2) what strategies are available to improve material recovery efficiency? and 3) what is the potential for nanoparticle release during end-of-life processing, particularly for next-generation lithium-ion batteries who contain nano-scale cathode materials? This dissertation aims to fill these research gaps. Multi-criteria optimization modeling and fundamental material characterization methods were used to quantify environmental and economic trade-offs for end-of-life lithium-ion batteries.