Assessment of Grid-Scale Energy Storage Scenarios for the Southeast: Benefits, Costs and Implications

Vejdan, Sadegh; Grijalva, Santiago

Title:

Assessment of Grid-Scale Energy Storage Scenarios for the Southeast: Benefits, Costs and Implications

dc.contributor.author	Vejdan, Sadegh
dc.contributor.author	Grijalva, Santiago
dc.contributor.corporatename	Georgia Institute of Technology. Strategic Energy Institute	en_US
dc.contributor.corporatename	Georgia Institute of Technology. Energy Policy and Innovation Center	en_US
dc.contributor.corporatename	Georgia Institute of Technology. School of Electrical and Computer Engineering	en_US
dc.date.accessioned	2021-09-14T13:46:57Z
dc.date.available	2021-09-14T13:46:57Z
dc.date.issued	2020-03
dc.description	This paper was produced as a result of a Georgia Tech Energy, Policy, and Innovation Center seed funding project.	en_US
dc.description.abstract	The objective of this project is to assess the economic benefits and system impacts for grid-scale energy storage in the Southeast region for informed investment decision-making and policy analysis. Energy storage is a dynamic field exhibiting considerable near term growth. Energy storage systems (ESS) can provide a wide range of services and benefits to the sector’s entire value chain and, are therefore becoming an attractive technology among stakeholders. The present study can prove to be of service to utilities, policy- makers, researchers and other stakeholders. Several novel optimization methodologies have been developed that can be used to evaluate the relative economic merits of ESS under a range of scenarios, input conditions, and performance parameters. The methods and approaches can be extended to include additional parameters, such as CO2 costs, CO2 emission, and welfare effects. Finally, the project provides detailed insights into the comparative economic benefits of major ESS use cases from the perspective of residential customers, large commercial customers, and utilities. The results suggest there are significant opportunities and net economic benefits from ESS systems, whether owned and operated by large customers or utilities, or jointly-operated by both. Taken together the methodologies and findings can contribute to informed investment decision-making and policy analysis in the Southeast region, and beyond.	en_US
dc.description.sponsorship	Georgia Tech Strategic Energy Institute Seed Grant	en_US
dc.identifier.uri	http://hdl.handle.net/1853/64943
dc.identifier.uri	https://doi.org/10.35090/gatech/64943
dc.language.iso	en_US	en_US
dc.publisher	Georgia Institute of Technology	en_US
dc.subject	Electric grid	en_US
dc.subject	Energy storage	en_US
dc.subject	Southeast region	en_US
dc.subject	Electricity	en_US
dc.subject	Energy	en_US
dc.subject	Battery storage	en_US
dc.subject	Energy cost benefit	en_US
dc.title	Assessment of Grid-Scale Energy Storage Scenarios for the Southeast: Benefits, Costs and Implications	en_US
dc.type	Text
dc.type.genre	Project Report
dspace.entity.type	Publication
local.contributor.author	Grijalva, Santiago
local.contributor.corporatename	Strategic Energy Institute
local.contributor.corporatename	Energy Policy and Innovation Center (EPICenter)
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