The cost of energy storage technology is decreasing rapidly. Storage adds grid capabilities quickly, whether stand alone or when combined with solar developments. Lithium-ion is the most prevalent utility and large-scale storage solution deployed today.
Energy Storage Empowers You with Profound Capabilities
Cost savings and revenue generation opportunities
Grid benefits complimentary to your solar deployments
Grid enhancements and on demand energy generation at competitive CAPEX to traditional systems
Origis Energy has assembled a top-notch storage team, with over 30 MWs of experience, to help clients utilize this promising technology.
The Origis Energy storage team has extensive experience in:
- Energy storage technology
- Vendor analysis and selection
- Project development, procurement, contracting
and financing
The cost of the technology is decreasing rapidly
Lithium-ion is the most prevalent utility scale storage technology deployed today. Li-Ion battery prices are decreasing rapidly, nearing the $200/kWh range (for Tier 1 battery vendors) in 2020.
Three Fundamental Energy Storage Benefits
- Avoided cost
- Additional revenue received by the storage owner/operator
Source: Energy Storage Association - Increased sustainability through the reduction of CO2 emissions
Avoided Cost Benefits
Revenue Benefits
Potential revenue streams for energy storage systems include:
- Energy Payments for kWh of electricity discharged by batteries
- Capacity Payments, typically a monthly payment made on a $/kW-mo basis
- Ancillary Services Payments, driven by Regional Transmission Organization (RTOs) and Independent System Operators (ISOs). The most effective markets for storage compensate based on a mileage, meaning the storage resource is compensated for how many times it ramps up and down in a given hour. Payment = $/∆MW/hr.
Common Energy Storage Use Cases
Load Shifting
Battery storage systems to store and disperse energy from high generation times to high use demand thus shifting the load to match the demand.
Transmission & Distribution Deferral
Energy storage contributes to more efficient operation of congested transmission and distribution (T&D) assets by transmitting and storing energy closer to the load center at off-peak times and releasing this stored energy during times of peak demand.
Firming Renewable Energy
Energy storage can be used to “firm” and balance renewable energy generation thereby enhancing reliability and economic savings. Furthermore, it can provide a predicable energy profile throughout the day and increase output to the shoulder hours.
Peak Shaving
Energy storage can help lower electricity prices by enabling the use of low-cost energy that is stored during off-peak periods to be used to serve load during more expensive peak periods.
Frequency Regulation
Energy storage can be used to “firm” and balance renewable energy generation thereby enhancing reliability and economic savings. Furthermore, it can provide a predicable energy profile throughout the day and increase output to the shoulder hours.
Voltage Support
Energy storage can provide voltage support. Voltage fluctuations can be effectively damped with minimal draw of real power from an energy storage system and such services can be offered by storage systems.