Renewables, Storage

Battery Storage and Its Role in the Energy Transition

Jon Brown
April 22, 2019

Battery Storage and Its Role in the Energy Transition

April 23, 2021 | Online ::

Energy storage is a favorite technology of the future for good reasons. Many people see affordable storage as the missing link between intermittent renewable power, such as solar and wind, and 24/7 reliability. Utilities are intrigued by the potential for storage to meet other needs such as relieving congestion and smoothing out the variations in power that occur independent of renewable-energy generation.   As technological advancements and gains in efficiencies and power densities for storage platforms continue to reach the market, many of these applications will continue to show more viability for investment.

Identifying the most economical projects and highest-potential customers for battery storage is a top priority for a diverse set of companies including power providers, grid operators, battery manufacturers, energy-storage integrators, and more. This course will give an in-depth overview of battery storage, including technologies, sizing & siting considerations, and trends in energy storage policy. The course will also cover the economics of battery storage, monetizing revenue streams and the role of battery storage on utilities IRPs.

Learning Outcomes

  • Review new market dynamics with increasing renewable penetration and energy storage
  • Discuss analysis of recent market trends and capital costs for energy storage
  • Review comparisons between merchant operations for fossil fuel generation, renewable generation and batteries
  • Discuss an overview of technical specifications of battery storage
  • Review the main battery storage revenue streams
  • Identify considerations around sizing, siting and duration
  • Review battery storage contract structures and main provisions
  • Discuss federal tax credits for energy storage
  • Identify key metrics for battery project profitability
  • Discuss how storage plays a critical role in integrated resource plans and meeting energy goals
  • Review basis risk in battery and renewables and battery projects

    Agenda

    Friday, April 23, 2021 : Central Time

    8:45 – 9:00 a.m.
    Log In and Welcome

    9:00 – 9:15 a.m.
    Overview and Introductions

    12:00 – 12:45 p.m.
    Lunch Break

    9:00 a.m. – 4:30 p.m.
    Course Timing

    Energy Storage 101

      • Overview of energy storage technologies
      • Technical specifications of battery storage
      • Battery Storage contract structures and main provisions
      • Considerations around sizing, siting and duration
    • Analysis of capital costs for energy storage
    • Trends in energy storage policy and federal tax credits

    Economics of Battery Storage in the Energy Transition

    • New market dynamics and the role of batteries
    • Policy and macro condition assumptions
    • Structural drivers of market price volatility and real-time price spikes
    • Day-ahead (DA) and Real-time (RT) price response to changing fundamentals
    • Comparison between merchant operations for fossil fuel generation, renewable generation, and batteries
    • Battery storage as a physical hedge

    Monetizing Revenue Streams from Battery Storage

    • Key metrics for battery project profitability
    • Understanding the main battery storage revenue streams
    • Energy; Ancillaries only; co-optimization of energy and ancillaries
    • Introduction to arbitrage strategies and convergence trades
    • Lessons learned from merchant energy storage projects

    The Role of Battery Storage on Utilities IRPs

    • Storage as a capacity resource
    • Stand-alone storage vs. storage paired with renewables
    • How to effectively include energy storage in IRPs
    • Energy storage policy trends for utilities
    • Incorporating energy storage into reliability metrics
    • Avoided system costs from use of energy storage
    • Operational benefits of storage in addition to capacity value
    • Case studies of IRPs including storage and lessons learned

    4:30 p.m. :: Course Adjournment

    Instructors

    Kolin Loveless, Director, Business Development at Ascend Analytics

    Kolin leads commercial deployment of Ascend’s battery and renewable operations platform focused on Day-Ahead-Real-Time analytics, battery state of charge management, and bid optimization. He previously executed Value of DER, Clean Peak, energy efficiency, and sustainability analytics and spearheaded Community DG project development at Bloom Energy. Kevin has an MBA from Yale School of Management, a MS in Mechanical Engineering from King Abdullah University of Science and Technology and a BS in Mechanical Engineering from Texas A&M University.

    Robert LaFaso, Senior Energy Analyst, Energy Storage at Ascend Analytics

    Robert is a lead analyst on valuation efforts in ERCOT and CAISO Markets. He has provided financial valuation support for more than 500MW of storage assets securing PPA or RA contracts. His areas of focus include optimal siting of assets, best practices for renewable + storage configuration and ancillary market forecasts. He has a MS in Engineering and Technology Management from Colorado School of Mines, and a BS in Energy Systems Engineering from  University of Wyoming.

    David Millar, Director, Resource Planning Consulting at Ascend Analytics

    David leads Ascend’s resource planning and valuation consulting practice, delivering services in integrated resources planning, storage analysis, RFP administration and evaluation, renewable integration, portfolio management, and fundamentals analysis. He led integrated resources planning as well as renewables and storage RFO valuations for utilities and CCAs in California and the broader west. California IRP experience includes developing plans for Burbank, Glendale, Silicon Valley Clean Energy, and East Bay Clean Energy. Also led renewable and battery RFO valuations for Clean Power Alliance, Silicon Valley Clean Energy, and Peninsula Clean Energy. David was the technical lead on storage valuation for LADWP, Public Service New Mexico, Salt River Project, Anaheim, and others using Ascend’s software tools. He is a former Principal, Energy Policy Modeling and Analysis for PG&E

    Carlos Blanco, PhD, Managing Director of Analytic Solutions at Ascend Analytics

    Dr. Blanco provides expertise to Ascend’s clients in the areas of analytic modeling, forecasting, optimization and simulation and also contributes to advance the software product and services to meet the evolving client needs. Dr. Blanco has published over 150 articles on a wide range of financial and commodity risk management topics. He was also a lecturer at the Finance department at the University of California, Berkeley.  He is a former VP, Risk Solutions at Financial Engineering Associates (a BARRA/MSCI company), where he was a member of the Executive Management Committee as well as an essential contributor in the development and client support of the financial and energy derivatives pricing and market risk management models. Dr. Blanco holds a Ph.D. in Finance and a Masters degree in Investments and International Economics.

    Jonah Simon, Product Manager BatterySimm Val & Senior Energy Analyst, Ascend Analytics

    • Orchestrate software development of BatterySimm Val tool
    • Lead analyst on valuation efforts in ISO-NE and NYISO markets
    • Translate client needs into product improvements
    • Conduct valuation of all storage assets in ISO NE Capacity Auction
    • A., Mathematical Sciences, Middlebury College

    Adam Hise, Managing Director of Storage Risk Solutions, Ascend Analytics

    Leads development of storage and renewable revenue risk transfer products and manages commercial development of SmartBidder operations platform. Before joining the company, he founded and led EnBalance Storage until the 2021 acquisition by Ascend, developing novel risk shifting products to advance storage and renewable energy deployment.  Prior to EnBalance, he did power marketing with Scout Clean Energy and emerging tech strategy consulting. Adam has an M.S., Environment Science & Engineering, UNC Chapel Hill and a B.S, Biological Systems Engineering, Virginia Tech

     

    Online Delivery

    We will be using Microsoft Teams to facilitate your participation in the upcoming event. You do not need to have an existing Teams account in order to participate in the broadcast – the course will play in your browser and you will have the option of using a microphone to speak with the room and ask questions, or type any questions in via the chat window and our on-site representative will relay your question to the instructor.

    • IMPORTANT NOTE: After November 30 you will not be able to join a Teams meeting using Internet Explorer 11. Microsoft recommends downloading and installing the Teams app if possible. You may also use the Edge browser or Chrome.
    • You will receive a meeting invitation will include a link to join the meeting.
    • Separate meeting invitations will be sent for the morning and afternoon sessions of the course.
      • You will need to join the appropriate meeting at the appropriate time.
    • If you are using a microphone, please ensure that it is muted until such time as you need to ask a question.
    • The remote meeting connection will be open approximately 30 minutes before the start of the course. We encourage you to connect as early as possible in case you experience any unforeseen problems.

    Register

    REGISTER NOW FOR THIS EVENT:

    Battery Storage and Its Role in the Energy Transition

    April 23, 2021 | Online
    Individual attendee(s) - $ 795.00 each

    Buy 4 in-person seats and only pay for 3! For this event every fourth in-person attendee is free!

    Your registration may be transferred to a member of your organization up to 24 hours in advance of the event. Cancellations must be received on or before March 19, 2021 in order to be refunded and will be subject to a US $195.00 processing fee per registrant. No refunds will be made after this date. Cancellations received after this date will create a credit of the tuition (less processing fee) good toward any other EUCI event. This credit will be good for six months from the cancellation date. In the event of non-attendance, all registration fees will be forfeited. In case of conference cancellation, EUCIs liability is limited to refund of the event registration fee only. For more information regarding administrative policies, such as complaints and refunds, please contact our offices at 303-770-8800

    CEUs

    Credits

    AP_Logo

    EUCI is accredited by the International Accreditors for Continuing Education and Training (IACET) and offers IACET CEUs for its learning events that comply with the ANSI/IACET Continuing Education and Training Standard. IACET is recognized internationally as a standard development organization and accrediting body that promotes quality of continuing education and training.

    EUCI is authorized by IACET to offer 0.7 CEUs for this event.

    Requirements For Successful Completion Of Program

    Participants must sign in/out each day and be in attendance for the entirety of the course to be eligible for continuing education credit.

    Instructional Methods

    A PowerPoint presentation with case studies will be used in this online program through Microsoft Teams.

    Who Should Attend

    This course will appeal to professionals and support staff involved in utility and power planning & procurement, portfolio management and analysis functions, including:

    • Renewable Energy + Storage Developers
    • Distributed Generation Experts
    • Portfolio Managers
    • Regulators and Regional Market Managers
    • Reliability Analysts & Planners
    • Investors
    • Corporate Off-takers
    • Structuring Analysts
    • Power Operations Managers
    • Chief engineers
    • Renewable energy coordinators
    • Financial and regulatory staff
    • Storage professionals
    • IRP staff