Latest Phase of Storage Futures Study Finds the Grid Operates More Efficiently With High Levels of Energy Storage Across All Studied System Configurations and Grid Mixes
to better represent the value of energy storage when it is allowed to provide grid services — an inherently complex modeling challenge. ReEDS produced a series of scenarios for possible storage deployment through 2050.
“We’re excited to move toward providing the modeling and analysis community with a publicly available tool that can capture the complexities of highly decarbonized power systems,” said Wesley Cole, a lead developer of ReEDS.Energy storage utilization during every hour of the day across seasons and years through 2050: Storage follows the peak demand as it changes throughout the years to align more closely with times when solar is not available.
This latest modeling again confirms the high value of peaker-type storage applications. PLEXOS shows the energy storage assets are not running all the time throughout the year, but they exhibit high utilization during the 10 highest-demand hours of the day.
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