What is the energy storage design project?

The project began with the refinement of a matrix of interim and long-term design issues that were targeted to be addressed by the document, “Energy Storage Design Project Draft Design Document for Stakeholder Comment, February 4, 2020” (the “Interim Design”) and this Long- Term Design Vision document, respectively.

How can energy storage improve the performance of the energy system?

Energy storage technologies can significantly improve the performance of the whole energy system. They enhance energy security, allow more cost-effective solutions, and support greater sustainability, enabling a more just energy system.

What is the business model for energy storage?

The business model for energy storage reli es on value stacking, providing a set of services for customers, a local utility, and the grid. By having two or three distinct contracts stacked on top of each other, you can generate multiple revenue streams.

What is the interim design of energy storage?

In the Interim Design it was contemplated that energy storage would integrate with the current load and generation resource models, the current electricity market, and utilize numerous imperfect workarounds in order to minimize the need for near-term tool changes.

Why should storage facilities use a single resource model?

In addition, the single resource model allows storage facilities to offer their full operating ranges for both energy and operating reserve to a level beyond what is currently supported under the SDP Interim Design.

How important is energy storage integration?

"Implementability": Over the course of the SDP’s ESAG consultations over the past two years, stakeholders have stressed the importance of an expedient energy storage integration solution that provides access to wholesale market trading products.