Monetizing the Multiple Value Streams of Energy Storage
Tuesday, August 21, 2012, 8:30am-9:30am PDT/ 11:30am - 12:30pm EDT / 17:30 - 18:30 (Paris-Frankfurt)
Energy storage technologies can often be utilized for a variety of applications, creating multiple value streams. However, often those value streams are not monetized, and energy storage is significantly undervalued. Given this common market failure, what can federal, state, and local government do to ensure that these various energy technologies are compensated fairly? This webinar with Dr. Ryan Wartena, CEO of Growing Energy Labs Inc. (GELI) will discuss his Adaptive Energy Storage Operating System for achieving multiple economic benefits.
Topics will include:
1) review the current barriers to fair energy storage compensation,
2) identify some examples of energy storage applications with multiple value streams,
3) examine efforts by government agencies and utilities to compensate the difficult-to-quantify value streams, and
4) compare various private sector efforts at monetizing the multiple value streams.
After addressing these issues, Ryan will explain how GELI’s Energy Operating System (EOS) software and developers' platform for energy storage systems will enable customers with energy generation capabilities to participate in local energy markets as consumers/buyers and producers/sellers. This local and peer-to-peer electricity networking will ultimately be possible in real-time, with consumers having the ability to spontaneously obtain the lowest-priced electricity available at any moment, as well as to bid their surplus self-generated electricity into the real-time market.
Ryan will step viewers through a live online demonstration of GELI's Energy Operating System. We’ll wrap-up this webinar with Ryan’s thoughts on what the transition path will be towards the fully distributed and connected peer-to-peer energy network.
Growing Energy Labs Inc. (GELI), Ryan Wartena, CEO