The Changing Market Rules for Energy Storage

The Changing Market Rules for Energy Storage

What happens when the most important market signal for energy storage gets stripped away virtually overnight? That’s what happened earlier this year when the regional transmission operator PJM put in place new rules for storage as a provider of frequency regulation. Between 2011 and 2015, hundreds of megawatts of storage were put in place to balance the grid in PJM territory. A strong market signal made development extremely easy, causing an explosion of growth. We’re in a different world today. New rules have lowered revenue for a 20-megawatt/5-megawatt-hour storage system from $623 in 2014 to $86 today, according to GTM Research's analysis. Storage developers are now looking to other markets and other types of grid services to make money. GTM Research Senior Storage Analyst Dan Finn-Foley has been tracking the regulation of frequency regulation in PJM and other markets. This week, we chatted about the impact on America's storage industry. We also looked to future revenue models in other regional markets. The Interchange is brought to you by AES Energy Storage. AES is helping utilities harness the power of battery-based energy storage to make the electric power system cleaner, more flexible, and more reliable. Find out more: http://bit.ly/2oxZ5dT Make sure to subscribe to The Interchange podcast via iTunes, SoundCloud or Stitcher, or integrate our RSS feed into the podcast app of your choice. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Jaksot(342)

Demand for batteries is skyrocketing - we need new ways of extracting lithium

Demand for batteries is skyrocketing - we need new ways of extracting lithium

Can innovative new lithium extraction methods prevent a supply chain crisis?New lithium extraction methods are essential to meet the rising demand driven by EVs and grid storage. Traditional methods a...

21 Touko 202436min

How banks and government are working together to achieve net zero in the UK

How banks and government are working together to achieve net zero in the UK

In the UK, the collaboration between banks and policymakers is crucial for accelerating the energy transition. The financial sector in the UK managed assets worth over 9 trillion UK pounds (11.3 trill...

7 Touko 202433min

What’s the energy transition going to cost?

What’s the energy transition going to cost?

Estimates for the cost of decarbonising could be inaccurate. What does that mean for investment and policy-making? About $1.2 trillion is invested annually in climate technology and infrastructure wor...

23 Huhti 202438min

Can we rely on nuclear as a source of clean, reliable power?

Can we rely on nuclear as a source of clean, reliable power?

SMRs: a new horizon in Nuclear Power.This week on The Interchange: Recharged, we are joined by Ted Nordhaus, Executive Director at the Breakthrough Institute, an environmental research centre in Berkl...

9 Huhti 202434min

$802 billion on the horizon: the current state of the EV market

$802 billion on the horizon: the current state of the EV market

New battery technology could get EV prices down and drive mass adoptionIn this week’s episode of Wood Mackenzie’s The Interchange Recharged, we look at the rapidly evolving landscape of EVs and the ba...

26 Maalis 202429min

A ground-breaking new method of sustainable aviation fuel production

A ground-breaking new method of sustainable aviation fuel production

A breakthrough way of producing hydrocarbons, crucial to the aviation industry, could reduce costs and accelerate decarbonisation.Sustainable aviation fuel (SAF) is a key component in the aviation ind...

12 Maalis 202436min

How to create the skilled workforce of 2030

How to create the skilled workforce of 2030

Half of the energy workforce is employed in clean energy technologies. By 2030, over 10 million new jobs will need to be filled as the energy transition continues. China, for example, employs 3 millio...

27 Helmi 202433min

Cutting the red tape around geothermal energy

Cutting the red tape around geothermal energy

Recent legislation in the US promises to be a boon for geothermal energy production.In January, the US House Energy and Commerce Committee passed a bipartisan bill that could have a big impact on the ...

13 Helmi 202434min

Suosittua kategoriassa Liike-elämä ja talous

sijotuskasti
mimmit-sijoittaa
psykopodiaa-podcast
rss-rahapodi
rss-sisalto-kuntoon
rss-rahamania
ostan-asuntoja-podcast
rahapuhetta
herrasmieshakkerit
sijoituspodi
rss-karon-grilli
leadcast
asuntoasiaa-paivakirjat
rss-lahtijat
rss-startup-ministerio
rss-paasipodi
rss-yrittajan-mindset
rss-draivi
pomojen-suusta
rss-valaistumisia-tyoelamasta