Hybrid Storage Market Assessment 2017
Abstract
The costs of battery storage technologies have dropped in recent years, resulting in a seven-fold increase in installed capacity over the last decade. These technologies offer an attractive rate of return in some locations; however, cost and regulatory barriers still limit the market for storage. Hybridizing a battery (combining the battery with a generator) can in some instances reduce total system costs and increase value compared to separate installations. The fast ramping and dispatch ability of a battery can complement the generator to provide services that neither battery nor generator could provide alone. Battery hybrids also benefit from some policy incentives and may be better able to meet market and regulatory requirements. This paper evaluates which markets are best suited for battery storage and storage hybrids and reviews regulations and incentives that support or impede the implementation of standalone storage and battery hybrids.
Document Details
- Document Type
- Technical Report
- Publication Date
- Oct 01, 2017
- Accession Number
- AD1075566
Entities
People
- Dhiwaakar Rajasekaran
- Doug Arent
- Eric Rose
- Harshit Jayaswal
- Jeffery Logan
- Jill Engel-cox
- John Glassmire
- Joyce Mclaren
- Kate Anderson
- Sean Ericson
- Steffi Klawiter
- Wesley Cole