Fully promote energy storage asset replacement

What are the benefits of a new energy storage asset class?

Another key benefit of the new storage asset class is that more revenue leads to more investment. Because energy storage is no longer restricted to supplementing other asset classes, it can derive revenue from the services it provides to each.

Should energy storage be a separate asset?

Regulatory, economic and other challenges that inhibit further development and deployment of energy storage in the power grid can best be surmounted through the classification of storage as a distinct asset. The marketplace would be sufficiently receptive and responsive for storage to realize its most efficient value.

Should energy storage be a central asset class?

Therefore, energy storage as a distinct asset class in a central role will increase the value of storage investments while enhancing the operation of the smart grid. To further this goal, storage requires policy support.

Why do we need a long-term energy storage solution?

As renewable energy capacity grows, we must identify and expand better ways of storing this energy, to avoid waste and deal with demand spikes. Utility companies and other providers are increasingly focused on developing effective long-term energy storage solutions.

Are energy storage systems a poorly defined asset class?

Next, we identify the limits to energy storage systems as a poorly defined asset class within the electric grid value chain, and demonstrate how creating a new asset class for storage will both enhance the value of storage and also provide significant benefits to the operation of the smart grid.

What are energy storage options?

Energy storage options provide applications and services that match technologies to needs. Already, several reports indicate the technical and economic benefits that storage has over conventional technologies, particularly in ancillary service markets , .