Commercially Feasible Energy Storage: Fact or Fiction?
Thursday, August 22nd, 1:00pm - 3:30pm PDT / Streamed Panel Discussion 1:30pm -3:00pm PDT / 4:30pm - 7:00pm EDT
For over a decade, energy storage has seemingly embodied the potential role of solving the challenges of integrating intermittent renewable energy sources onto the grid. However, we are still waiting.
Commercial viability of energy storage remains elusive. There has certainly been a general trend of decreasing costs. But much remains to be done, both from the private sector and from the public sector perspectives. This panel discussion will examine the primary government programs and incentives impacting energy storage development, and propose recommendations for further accelerating commercial energy storage development.
Government Incentives Encouraging Energy Storage
A. Federal Policies and Programs
The U.S. Senate is considering the Storage Technology for Renewable and Green Energy Act of 2013 (STORAGE), which would incentivize renewable energy and reduce consumer costs through the implementation of energy storage technologies. The U.S. Department of Energy (DOE) created a Joint Center for Energy Storage Research (JCESR), allocating $120 million for batteries and energy storage research and development for 2012-2016. The Federal Energy Regulatory Commission (FERC) has promulgated several new policies to encourage a level playing field for energy storage implementation, including “Pay for Performance”.
B. California Policies and Programs
In California, the California Public Utilities Commission (CPUC), California Energy Commission (CEC), and California Independent System Operator (CAISO) have proactively developed policies increasingly supportive of grid-scale and distributed energy storage. For example, in authorizing Southern California Edison's (SCE) plan to purchase up to 1,800 megawatts (MW) of renewable energy by 2021, the CPUC decision ordered SCE to implement at least 50 MW of energy storage in the Los Angeles basin by 2021.
A relatively recent CPUC proposal would require California’s investor-owned energy utilities to procure 1,325 megawatts of storage capacity by 2020, which is of unprecedented scale in the USA.
Our panel of experts will critically review these, and other, policies and programs, to determine what federal and California government is doing perfectly well, and where improvements could be made.
Some of the Questions our Panel will Discuss:
- Can energy storage “cross the chasm” to commercial viability without government programs?
- Are Venture Capitalists and Corporate venture capital divisions investing in energy storage?
- What energy storage benefits are not currently reflected in market prices?
- Could government compensate for external benefits of storage not currently included in market prices?
- What government policies and programs have been, or could be, most effective in achieving commercial viability for energy storage?
- Should government try to pick energy storage “winners” and shun “losers”?
This meeting will take place in downtown San Francisco. Registrants will be provided the exact location.