Post on 03-Jul-2020
ENERGY STORAGE: EVOLUTION AND
REVOLUTION ON THE ELECTRIC GRID
THURSDAY, MARCH 29, 20183 P.M. ET/ 2 P.M. CT/ 1 P.M. MT/
12:00 PT
March 29, 2018
Presenters
Ravi ManghaniDirector of Energy StorageGTM Research
Lon HuberHead of ConsultingStrategen
Ravi ManghaniDirector of Energy StorageGTM Research
Prepared For:
March 29, 2018
Director, Energy Storage
manghani@gtmresearch.com
Ravi Manghani
Energy Storage - Evolution and Revolution on the Electric Grid
5Ravi Manghani, GTM Research: Energy Storage - Evolution and Revolution on the Electric Grid
GTM, MAKE & Wood Mackenzie form the
premier market intelligence provider on the
decarbonization and decentralization of energy
Power MarketFundamentals
Regional Market Dynamics
Technology Value Chain Evolutions
We guide companies leading
the electricity transformation
5 POWER & RENEWABLES RESEARCH
Long-term Supply &
Demand Outlooks
20-year Wholesale &
Retail Price Outlooks
Thermal & Renewable
Databases and Demand
Outlooks
Policy and Regulation
Analysis
Technology Cost and
Performance Outlooks
Wind, Solar, Storage, and Grid
Edge Competitive Landscapes
6Ravi Manghani, GTM Research: Energy Storage - Evolution and Revolution on the Electric Grid
Contents
1. U.S. Energy Storage Deployment Trends 4
2. Energy Storage Technology and Cost Trends 8
3. Federal and State Policy Barriers Coming Down 12
7Ravi Manghani, GTM Research: Energy Storage - Evolution and Revolution on the Electric Grid
Tomorrow’s Decarbonized and Decentralized Power Market
A flatter system with outside market responses and actors at every node reshaping power market planning and operations
Dispatchable Generation
Transmission
Distribution End Customers
Intermittent Generation
Demand Side Management
EnergyStorage
Advanced Metering Infrastructure
Distributed Generation
Electric Vehicles
Connected Devices
The Power Market of the Past
A top-down, flow from supply to demand
Dispatchable Generation
Transmission
Distribution
End Customers
Tomorrow’s Decarbonized and Decentralized Power Market
Ravi Manghani, GTM Research: Energy Storage - Evolution and Revolution on the Electric Grid
U.S. Energy Storage Deployment Trends1.
9Ravi Manghani, GTM Research: Energy Storage - Evolution and Revolution on the Electric Grid
-
50
100
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250
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Dep
loym
ents
(M
Wh
)
Residential Non-Residential Front-of-the-Meter
U.S. Q4 2017 Deployments in Megawatt-Hours Down 57% From Previous Year
U.S. Quarterly Energy Storage Deployments by Segment (MWh)
Source: GTM Research/ESA U.S. Energy Storage Monitor
Record breaking quarters: Q4 2016 and Q1 2017 – Aliso Canyon Systems come on-line
10Ravi Manghani, GTM Research: Energy Storage - Evolution and Revolution on the Electric Grid
California
34%
Hawaii 24%
Arizona 5%
All Others
37%
California
40%
Texas29%
Hawaii6%
All Others
25%
Where Is Energy Storage Deployed So Far? (Megawatt-Hours)
Residential Non-Residential Utility
California Accounts for 48% Through 4Q 2017
Source: GTM Research/ESA U.S. Energy Storage Monitor
California
86%
New York 4%
Hawaii 2% All
Others 8%
11Ravi Manghani, GTM Research: Energy Storage - Evolution and Revolution on the Electric Grid
* “Other” includes flywheel and unidentified energy storage technologies.
Quarterly Energy Storage Deployment Share by Technology (MW %)
Lithium-Ion Technology Continues the Trend of More Than 94% Share
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Q1
20
13
Q2
20
13
Q3
20
13
Q4
20
13
Q1
20
14
Q2
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Q3
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17En
ergy
Sto
rage
Dep
loym
ents
by
Tech
no
logy
(M
W)
Lithium Ion Lead Acid Sodium Chemistries Flow - Vanadium Flow - Zinc Other
Source: GTM Research / ESA U.S. Energy Storage Monitor
Ravi Manghani, GTM Research: Energy Storage - Evolution and Revolution on the Electric Grid
Energy Storage Technology and Cost Trends
2.
13Ravi Manghani, GTM Research: Energy Storage - Evolution and Revolution on the Electric Grid
Commercialized Storage Technologies – Lithium-Ion Off to the Races
Commercialized Energy Storage Technologies: Cost ($/kWh) Versus Cumulative U.S. Installed Capacity (MW)
Cycle life ranges from 300-15,000 depending on depth of discharge, mature technology with over 600 MW of utility-scale systems
deployed, suited for power and energy applications from 12-minutes to 4-hour
discharge on both sides of the meter
Oldest battery technology with cycle life of 1,000 at high depth of discharge; particularly suited to the off-grid
market and 4-hour discharge duration or longer
Cycle life of 2,500 to 4,500, suited for peak shaving; NaS suited for 6-hour while Na-Ni
suited for 2- to 6-hour discharge applications
Cycle life of more than 100,000; mature in power
quality and UPS applications and frequency regulation, suited for <30-minutes duration projects
$-
$200
$400
$600
$800
$1,000
$1,200
0 50 100 150 200 250 300 350 400 450 500 550 600 650 700 750
Tech
no
logy
Co
st (
$/k
Wh
)
Cumulative U.S. Installed Capacity (MW)
Lithium Ion Lead Acid Sodium Chemistries Flywheel
Source: GTM Research / ESA U.S. Energy Storage Monitor
14Ravi Manghani, GTM Research: Energy Storage - Evolution and Revolution on the Electric Grid
Early Stage Storage Technologies – No Clear Winner, Flow Batteries Have Better Prospects
Demonstration/Pilot Phase Energy Storage Technologies: Cumulative U.S. Installed Capacity (MW)
Cycle life varies from 10,000 - 12,000, cost spreads from $425-$750/kWh, few projects
deployed, VRB batteries furthest along while Zn-Br batteries still nascent, suited for power and
energy-centric applications of 4- to 12-hour discharge at rated power
Cycle life of 3,000, suited to applications needing 4- to 20-hour discharge like microgrids
and off-grid applications
Cycle life of 6,000, pricing ranges from $160-$200/kWh, demonstration phase, suited for
applications of 4 hour discharge like peak load shaving and power centric applications
Cycle life still under test, suited for 2-to 12-hour discharge applications like
micogrids and off-grid projects
High power, low energy, cycle life of 1 million,
suited for 2-minutes or less power applications like frequency regulations, voltage stabilization,
renewables smoothing and battery support
0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 4.5 5.0 5.5 6.0 6.5
Cumulative U.S. Installed Capacity (MW)
Flow Aqueous Zinc-hybrid Liquid metal batteries Ultracapacitor
For technologies still in early commercial/demonstration phase, costs are illustrative
Source: GTM Research / ESA U.S. Energy Storage Monitor
15Ravi Manghani, GTM Research: Energy Storage - Evolution and Revolution on the Electric Grid
Annual Declines in Battery Price and Balance-of-System Costs Will Drop Below 10% After 2020
-22% -22%
-24% -24%
-14% -14% -10% -9% -8% -8%-10%
-11%
-32%
-27%
-16%
-8% -8%-7% -6%
-5%
-35%
-30%
-25%
-20%
-15%
-10%
-5%
0%
2013 2014 2015 2016 2017 2018E 2019E 2020E 2021E 2022E
Year
-Ove
r-Ye
ar D
eclin
e (%
)
Battery Price BOS Cost decline
Phase 1: Battery price reductions were the primary driver for system price declines
Phase 2: Extreme reductions in BOS costs drove down system prices by more than 25%
Phase 3: Continued reductions in battery prices and BOS costs are driven by production ramp-up, growing competition and improvements in system design and engineering
Phase 4: As the storage market matures, both battery prices and BOS costs will continue to decline but the rate will be lower post-2020, with improvements arising from experience.
Source: GTM Research
Year-Over-Year Decline in Lithium-Ion Battery Price and BOS Cost, 2013 – 2022E (%)
Ravi Manghani, GTM Research: Energy Storage - Evolution and Revolution on the Electric Grid
Federal and State Policy Barriers Coming Down
3.
17Ravi Manghani, GTM Research: Energy Storage - Evolution and Revolution on the Electric Grid
On February 15th FERC released draft final rules adopting participation and eligibility requirements for energy storage in ISOs and RTOs. The participation model for electric storage resources must:
Ensure that a resource using the participation model for electric storage resources in an RTO and ISO market is eligible to provide all capacity, energy, and ancillary services that it is technically capable of providing
Ensure that a resource using the participation model for electric storage resources can be dispatched and can set the wholesale market clearing price as both a wholesale seller and wholesale buyerconsistent with rules that govern the conditions under which a resource can set the wholesale price.
Account for the physical and operational characteristics of electric storage resources through bidding parameters or other means.
Establish a minimum size requirement for participation in the RTO and ISO markets that does not exceed 100 kW. Also requires that the sale of electric energy from the RTO or ISO market to an electric storage resource that the resource then resells back to those markets must be at the wholesale locational marginal price.
Biggest Shot in the Arm: FERC Rules Energy Storage Must be Eligible to Participate in Wholesale Markets
FERC Order 841
Source: GTM Research
18Ravi Manghani, GTM Research: Energy Storage - Evolution and Revolution on the Electric Grid
AZ
CO
FL
NC
VAWV
WA
SC
IN
KY
MA
CA
OR
NM
MW in Resource Plan
Specific Storage
Capacity
“As Much As…”
TBD
Estimated Total Opportunity: 5.1 GW, 16.8 GWh
Source: GTM Research
There are several utility resource
proceedings all over the country that
explicitly include storage in their
resource plans. There’s about 5.1 GW
of opportunity in existing utility IRPs.
These IRPs offer a view of storage as a
flexible resource on the grid, and
complementary, not necessarily a
direct threat to CT plants.
The Momentum Builds: Energy Storage in Integrated Resource PlansStorage Modeled, Eligible or Mandated in Utility IRPs (MW)
19Ravi Manghani, GTM Research: Energy Storage - Evolution and Revolution on the Electric Grid
Notable State Policies Roundup – Levelling the Playing Field
Colorado
• SB18-009 allows customers to install BTM storage
Maryland
• First state with BTM energy storage tax credit
Arizona
• Clean peak standard proposal• 3 GW energy storage goal proposal
California
• 1,385 MW storage mandate• SGIP incentive• ESDER initiative to integrate storage on CAISO• Local capacity procurements, storage RFOs
for peaker replacement
Texas
• Texas PUC initiated rulemaking docket to address energy storage on distribution grid
Washington
• WA UTC energy storage policy statement
Oregon
• Minimum 5 MWh per utility storage mandate
• 200 MWh energy storage target• $20 million ACES program• SMART energy storage adder
Massachusetts
Hawaii
• First state with innovative solar-plus-storage projects• Customer solar self-supply tariff
• Gov. Cuomo - 1,500 MW goal• NY REV demo projects• Con Edison demand management programs
New York
Interested in other GTM Research products and services? Please visit www.gtmresearch.com or contact sales@greentechmedia.com
Thank You!
Ravi Manghani
manghani@gtmresearch.com
March 29, 2018
Lon HuberHead of ConsultingStrategen
Energy Storage - Evolution and Revolution on the
Electric GridLon Huber March, 2017
23
1660 Projects, 193594 MW
A Sampling of Our Clients
24
Strategen provides insight to global corporations, utilities and public sector leaders, helping them to develop impactful and financially sustainable clean energy strategies
Strategen
3
Storage analytics and cost/benefit
25
What is energy storage?
Value and services
Key trends and drivers
Moving forward
26
Topics
Energy storage is a very broad asset class
27
Electro-Chemical
(Flow battery / Lithium Ion)
Mechanical
(Flywheel)
Bulk Mechanical
Thermal
(Ice / Molten Salt)
Bulk Gravitational
(Pumped Hydro)
Transportation and Chemical
(Electric and Hydrogen Vehicles)
(CAES)
Size and Duration by Technology
28
Source: Australian Renewable Energy Agency (7/2015): Energy Storage Study Funding and Knowledge Sharing Priorities
What is energy storage?
Value and services
Key trends and drivers
Moving forward
29
Topics
30
Bulk Storage
Ancillary Services
DistributedStorage
DistributedStorage Commercial
Storage
ResidentialStorage
Broad electric power system applicability
▪ Energy storage can be deployed quickly, relocate and scaled up or down as required. (Shift, scale-able, shift-able)
▪ This makes it a critical tool to navigate the rapid change that is occurring
May 27, 2016
• SCE issues Aliso ACES RFO and DBT RFP
Jul. 18, 2016
• SDG&E files application for 150 MWhs of storage
Aug. 15, 2016
• SCE files application for 108 MWhs of storage
Aug. 18, 2016
• CPUC approves SDG&E applications
Sept. 15, 2016
• CPUC approves SCE Round 1 applications
Dec. 31, 2016 – Feb. 2017
• Projects brought online
Aliso Canyon: from RFP to online in 7 months
Total: 94.5 MW / 342 MWh
Energy storage is flexible
31
Resiliency: Dominican Republic
▪ 20 MW of storage in Santa Domingo, Dominican Republic provides efficient frequency regulation to the grid
▪ Provided key services during September’s Hurricanes Irma and Maria, when about 50% of the island’s power plants were forced offline
SOURCE: AES ADVANCION CASE STUDY: HTTP://CDN2.HUBSPOT.NET/HUBFS/2810531/COLLATERAL/AES%20ES%20CASE%20STUDY%20-%20STORM%20RESILIENCE.PDF 32
Provide Spin/ Non Spin
Provide Ramping
Provide Frequency Regulation Services
Provide Capacity
“Firm” Renewable Capacity
Shift Energy
Avoid dump energy and/or minimum load issues
Provide Black Start
Provide In-Basin GenerationSmooth Intermittent Resource Output
Improve Short-Driven Performance
Provide System Inertia
Avoid Congestion Fees
Defer System Upgrades
Improve System Reliability
Provide System Inertia Defer System Upgrades
Mitigate Outages
Integrate Intermittent Distributed Generation
Maintain Power Quality Self-consumption
Provide Uninterruptible Power Supply
Generation
Transmission
Distribution
End User
Demand Charge/ TOU
Energy Shifting Dynamic Response
Short (< 2 min)
Medium ( 2min – 1 hour)
Long (1 hour +)
Grid Location Minimum duration of output energy
Operational use cases for storage systems (There are many)
Source: Modified from SCE 2011 chart
33
1. Identify primary need
3. Optimize value streams and understand tradeoffs
2. Explore combinations of stackable benefits; discard incompatible
value streams
Approach to evaluating storage opportunities
34
Provide Spin/ Non Spin
Provide Ramping
Provide Frequency Regulation Services
Provide Capacity
“Firm” Renewable Capacity
Shift Energy
Avoid dump energy and/or minimum load issues
Provide Black Start
Provide In-Basin GenerationSmooth Intermittent Resource Output
Improve Short-Driven Performance
Provide System Inertia
Avoid Congestion Fees
Defer System Upgrades
Improve System Reliability
Provide System Inertia Defer System Upgrades
Mitigate Outages
Integrate Intermittent Distributed Generation
Maintain Power Quality Self-consumption
Provide Uninterruptible Power Supply
Generation
Transmission
Distribution
End User
Demand Charge/ TOU
Energy Shifting Dynamic Response
Short (< 2 min) Medium ( 2min – 1 hour) Long (1 hour +)
Grid Location Minimum duration of output energy
Main Use Case: Distribution deferral
Source: Modified from SCE 2011 chart
35
Value stack example #1: Distribution deferral
36
Provide Spin/ Non Spin
Provide Ramping
Provide Frequency Regulation Services
Provide Capacity
“Firm” Renewable Capacity
Shift Energy
Avoid dump energy and/or minimum load issues
Provide Black Start
Provide In-Basin GenerationSmooth Intermittent Resource Output
Improve Short-Driven Performance
Provide System Inertia
Avoid Congestion Fees
Defer System Upgrades
Improve System Reliability
Provide System Inertia Defer System Upgrades
Mitigate Outages
Integrate Intermittent Distributed Generation
Maintain Power Quality Self-consumption
Provide Uninterruptible Power Supply
Generation
Transmission
Distribution
End User
Demand Charge/ TOU
Energy Shifting Dynamic Response
Short (< 2 min) Medium ( 2min – 1 hour) Long (1 hour +)
Grid Location Minimum duration of output energy
Value stack example #2: Frequency regulation
Source: Modified from SCE 2011 chart
37
Value stack example #2: Frequency regulation
38
39
Potential benefits from additional use cases
SecondaryUse Case
PrimaryUse Case
StackedUse Cases
Value stacking: Dist. deferral + frequency regulation
40
0
200
400
600
800
1000
1200
1400
Regulation RenewableIntegration
Resilency Capacity T&D
De
plo
ym
en
t (M
W)
Energy Storage Applications by State
Other Regions Arizona Hawaii ERCOT ISO-NE NYISO PJM CAISO
Application Description
Regulation Market products for wholesale market participation
Renewable Integration
Storage sited with renewable projects
Resiliency Microgrids and Black Start applications
CapacityLocal Capacity and Resource Adequacy
T&DTransmission and Distribution Upgrade Deferral
Note: Pumped Hydro technology excluded. Some storage capacity may be double-counted if the system performs multiple applicationsSource: DOE Energy Storage Database Accessed Jan 11, 2018
US installed capacity by application
41
% Time per YearSource: PG&E Demand Response Programs: An Overview Presentation
The power system is underutilized
▪ Analysis finds that for every $1 spent on reducing peak demand, at least $2.62 can be saved by ratepayers in Illinois and $3.26 by ratepayers in Massachusetts.
▪ Cutting top 100 hours of peak demand could save New York State up to $1.7 billion per year
▪ 15% of total production assets run less than 7 days per year or less than 2% of that time
42
MA DOER slide: Commissioner Judson presentation at Restructuring Roundtable, May 2016Source: https://info.aee.net/peak-demand-reduction-report
According to EIA:Average peaker plant runs about 2-7% of the yearOver 70 GW of new peaker plants will be built in the U.S. before 2026
Why peak demand is important
What is energy storage?
Value and services
Key trends and drivers
Moving forward
43
Topics
Chapter 1Frequency regulation
44
▪ Frequency regulation (FR) storage projects are low energy applications therefore lower cost for batteries
▪ Important but shallow market as renewable generation increases
▪ FR was largest front-of-meter storage application in USA until 2016
▪ 265 MW of fast-response storage in PJM
▪ Typically 30 minute to an hour capacity
▪ Volatile market pricing
Source: Energy Storage North America 2017solarprofessiobnal.com
44
45
Use case attributes:▪ High T&D upgrade costs ▪ High peak-to-energy ratio▪ Modest projected load growth ▪ Uncertainty regarding the timing or likelihood of major load additions▪ T&D construction limitations (siting, line access local community opposition to new
power lines and infrastructure.)▪ An energy storage system used for T&D deferral will be able to provide additional
benefits (renewable integration, etc.)
Australia Example: Grid utility support system, 20 energy storage systems to support remote networks
Energy storage for T&D deferral is expected to grow from 332 MW in 2017 to 14,325 MW in 2026.
Chapter 2Niche transmission & distribution infrastructure deferral
Source: energy-storage.news, businesswire.com, ergon.com
45
Chapter 3Battery peaker – local capacity
46
SellerResource
TypeTotal
ContractsMW
Adv. MicrogridSolutions
BTM Battery 4 50.0
AES FTM Battery 1 100.0
Ice EnergyBTMThermal
16 25.6
NRG FTM Battery 1 0.5
Stem BTM Battery 5 85.0
Total 27 261.1
SCE Energy Storage LCR Procurement
▪ Aliso - 94.5 MW / 342 MwhPeaker Plants Constructed In 7-months
▪ Highlighted Fast Deployment Of Energy Storage
▪ Led To 100MW In 100 Days’ Deployment In Australia
▪ Primarily a Storage-only Application
SCE purchased 5X CPUC requirement (50MW)
▪ Great River Energy Co-op in Minnesota issued RFP for 10 MW PV and 10 MW/20 MWh Storage system in 2018
▪ Primary use case for storage is to dispatch over 2-4 hours peak period for demand reduction
▪ Storage to be charged 100% by co-located PV
Irvine Company Hybrid Electric Buildings
▪ Batteries and advanced software
▪ 10 MW / 60 MWh
▪ 20 buildings
▪ 20% peak demand reduction
47
Chapter 3.5C&I and Co-op Demand Charge Mitigation
Source: greatriverenergy.com, advmicrogrid.com,
48
Australia: Cooktown Solar and Storage
▪ 33MW solar plus 1.4MW/5.4MWh Lithium based battery storage
▪ Fringe grid in Australia and will test the boundaries of operation of utility scale solar battery storage in these conditions.
▪ The Project is now in operation.
▪ Funding dependent on dispatchable/storage aspect to assist with supplying solar during evening peak
▪ Altogether, Lyon Group planning 1.7GW of PV and 1GW of battery storage by 2020
Arizona: Tucson Electric Power 100 MW solar plus storage plant
▪ 30 MW of four-hour duration batteries▪ 20 year PPA
▪ ~3 cents/kWh solar – ~4.5 cents/kWh with battery▪ Will be largest solar-plus-utility-scale-battery system in the US
Source: http://www.lyoninfrastructure.com/cooktown.html
Chapter 4Dispatchable solar – PV + storage peaker
Source: http://insights.globalspec.com/article/4139/solar-storage-peaker-plant-for-kaua-i
48
49
New York: Brooklyn Queens Demand Management program
▪ 41 MW customer sited solutions
▪ 11 MW utility sited solutions
California: SCE & PG&E Energy Storage Solicitation for Local Capacity
▪ Several behind and in-front of meter energy storage resources procured
Australia: AGL virtual power plant.
▪ 1000 aggregated BTM storage systems, 5MW/7MWh total for customer, distribution and wholesale benefits
▪ Customer sited DER and embedded solutions will be leveraged more in the future to avoid utility infrastructure.
▪ New markets and compensation models will be required to encourage, guide and extract this value.
▪ New grid operation approaches will be required to compliment new markets
Chapter 4.5DER alternatives
Source: conedbqdmauction.com, arena.gov.au
49
Chapter 5RE + longer duration storage
KIUC: The Lawai Project
▪ 28 MW solar farm
▪ 100 MWh 5 Hour Li-Ion Battery
▪ Expected 3.7 million gallon reduction in fossil fuel consumption per year.
▪ 25-year PPA, 11 cents/kWh
▪ Near the wholesale energy price!
▪ Supply power at peak evening times
Australia: Australia’s largest solar farm.
• Solar Q proposes to build 350MW solar PV + storage with a second phase to expand to 800MW
• 800MW would provide ~ 15% of the state's south-east electricity needs from PV and 4,000 MWh of batteries
• Storage is critical aspect to serve evening load
Source: theverge.com, abc.net.au, hawaiienergypolicy.hawaii.edu
50
What is energy storage?
Value and services
Key trends and drivers
Moving forward
51
Topics
52
Bulk Storage
Ancillary Services
DistributedStorage
DistributedStorage Commercial
Storage
ResidentialStorage
✓ Market Rules✓ Market Study,
Valuation & Targets
✓ All Source Procurements and Resource Plans
✓ Renewable Energy Strategy
✓ Non-wires Alternatives
✓ Resiliency✓ Rate Design✓ EV Infrastructure
Chapters won’t happen by themselves
Making it a reality
Source: EPRI
53
Source: ABB
FuturePast
Conceptual path forward Li-Ion batteries(Costs are proportional to energy/time)
Source: SCE 2011
54
▪ Modest sales of EV/hybrids can have significant impact on global cell production
▪ Currently, significant underutilization in global cell production
The importance of demand
Source: CEMAC report to DOE
55
▪ China are expecting Li-ion to play significant role in clean energy future
▪ China’s 13th 5 year plan guarantees payouts if manufacturers meet targets
▪ Directing and encouraging internal manufacturing to increase production and capture market
China targeting/investing in energy storage
Source: www.visualcapitalist.com
56
What is at stake?
57
Low Carbon Grid Study (February 2016): http://lowcarbongrid2030.org/wp-content/uploads/2016/PDFs/160307_PhaseIIResults.pdf
Renewable curtailment & negative prices
SOURCE: (HTTPS://WWW.EIA.GOV/TODAYINENERGY/DETAIL.PHP?ID=30692) (HTTPS://WWW.CAISO.COM/DOCUMENTS/WIND_SOLARREAL-TIMEDISPATCHCURTAILMENTREPORTMAY13_2017.PDF)
58
The RPS 2.0
59
https://www.strategen.com/reports-1/2018/3/28/evolving-the-rps-implementing-a-clean-peak-standard
Are your state policies ready?
60
Coming in less than 5 years!
▪ Storage is eligible for ITC if charged from solar
▪ Level of benefit dependent on ability to charge from solar-paired system
▪ Battery must be ≥75% charged from solar to receive ITC
▪ Retrofits eligible for ITC, if 100% RE charged
▪ Tax reform includes changes to depreciation/MACRS, and ITC – stay tuned for new IRS rules
61
Adding solar to storage unlocks tax benefits
Source: NREL
▪ By 2030 all new cars in the Netherlands must be emission free
▪ India announced that it would end sales of gas and diesel cars by 2030.
▪ Norway agreed to end sales of gas and diesel cars by 2025.
▪ France announced it would end sales of gas and diesel cars by 2040.
▪ Britain announced it would end sales of gas and diesel cars by 2040.
▪ The Scottish government announced it would phase out gas and diesel cars by 2032.
Others soon to announce
62
Global drivers of EVs
Source: www.vox.com
Thank you!Lon HuberVice PresidentStrategen Consulting, LLC
▪ Email: lhuber@strategen.com▪ Phone: 928-380-5540
63
6th Energy Storage North America (ESNA) Conference + Expo: November 6-8, Pasadena,
CALargest grid-connected energy storage
conference in North America, covering all applications including EV charging
(www.esnaexpo.com)
https://www.strategen.com/new-blog/2016/12/1/evolving-the-rps-a-clean-peak-standard-for-a-smarter-renewable-future
Clean Peak Paper:
March 29, 2018
Archived WebinarSlides and a recording of today's event will be made
available within 5 business days at http://www.ncsl.org/default.aspx?tabid=29955.
Register for additional webinars at the address above. Questions?
Contact Gretchenn.DuBois@ncsl.org
Thank you for attending!