DNV KEMA Energy & Sustainability has launched a customized energy storage valuation service tailored to utilities’ growing need to assess storage applications on their system. The services, available immediately, will address the needs generated by actions such as the September 3 preliminary ruling by the California Public Utilities Commission (CPUC), which set a January 2014 deadline for investor owned utilities in the state to submit plans outlining their energy storage resources.
“The new services are a timely development to meet the fast-developing needs for energy storage estimation and management,” said Richard Fioravanti, Vice President, Distributed Energy Resources at DNV KEMA.
The energy storage, valuation service gives each utility:
- expert engineering advice delivered by experienced professionals,
- sophisticated analytic toolkits customized to specific utility grids,
- a recommended energy storage portfolio,
- a feasible plan for scaled deployment to maximize return on investment, and
- a multi-year roadmap to adoption and compliance to potential initiatives.
“The service tells utilities what they need to know,” says Fioravanti: “It shows if, when, where, how large, and how to reach a payback point on energy-storage investments. The simulation capabilities lets a utility quickly run hundreds of scenarios to determine the optimum approach.”
The service is possible due to innovative analytics tools including ES-GRID, which debuted in 2013 as a purpose-built modeling tool used by the CPUC as input in its effort to establish reliable and detailed economics for energy storage. Other tools include ES-Select, KERMIT, and Microgrid Optimizer.
While prior generations of tools provided “typical” economic recommendations based on simpler analyses, the new service applies tools that conduct systems analysis at the engineering level, examining energy storage performance over years or within seconds with notably comprehensive detail and accuracy. It examines storage at multiple points of the grid and compares energy storage from varied ownership models.
The newly-launched service analyzes specific economic and operational factors — including cost, efficiency, reliability, and dispatchability controls for multiple applications — to assemble a portfolio of energy storage that is compliant and financially viable.
Filed Under: Energy storage, News