Energy storage project development phase

What are the four phases of energy storage?

The four phases reflect the evolving value proposition and cost structures for energy storage, starting with high-value, short-duration services, followed by storage progressively providing services that require longer durations, and in some cases, have lower value and thus require lower costs.

How does storage duration affect future deployment opportunities?

The four phases, which progress from shorter to longer duration, link the key metric of storage duration to possible future deployment opportunities, considering how the cost and value vary as a function of duration, with the potential to reach more than 100+ GW of installed storage capacity in the U.S.

What is peak power battery storage development?

The Peak Power Battery Storage Development webinar offered valuable insights into the development process for battery energy storage systems. There is an ever-growing business case for behind-the-meter energy storage systems and their potential to enable cleaner, more reliable, and more affordable electricity.

What is Phase 1 storage?

Phase 1, which began around 2011, is characterized by the deployment of storage with 1-hour or shorter duration, and it resulted from the emergence of restructured markets and new technologies that allow for cost-competitive provision of operating reserves, including regulating reserves.

What is the economic potential of short-duration EV storage in Phase 1?

Overall, this total results in a technical potential of short-duration operating reserves of less than 26 GW (Figure 6), with an economic opportunity for storage in Phase 1 likely being substantially less than this, particularly with competition from demand response including controlled EV charging, and existing PSH. Figure 6.

Can energy storage be a single high-level resource?

This report summarizes over a decade of experience with energy storage deployment and operation into a single high-level resource to aid project team members, including technical staff, in determining leading practices for procuring and deploying BESSs.