Energy Storage 101

Live Streaming Online September 15, 2022

A BankWebinars.com Program

If you are unable to attend at the scheduled date and time, we make recordings available to all registrants for three business days after the event

Energy Storage refers to technologies that can capture electricity, store it as another form of energy (chemical, thermal, mechanical), and then release it for use when it is needed. Storage allows the flexible use of energy at different times from when it was generated. As a result, storage can increase system efficiency and resilience, and it can improve power quality by matching supply and demand. There are various types of energy storage with Lithium-Ion batteries being the most popular battery storage option today.

Storage facilities differ in both energy capacity and power capacity. Different energy and power capacities of storage can be used to manage different tasks. For example, short-term storage that lasts just a few minutes to several hours will ensure a solar plant operates smoothly during output fluctuations due to passing clouds, while longer-term storage can help provide supply over days or weeks when solar energy production is low or during a major weather event.

This fundamentals course will provide a useful overview of energy storage including the history, a market overview, the types of energy storage, use cases/benefits, dispatch strategies, load center congestion and where the future is going with energy storage.

Learning Outcomes

Review the history of the electric utility industry’s engagement with energy storage

Review statistics on energy storage in today’s market and the evolution of the power grid

Discuss the role of regulators at federal and state levels in promoting energy storage

Identify the various storage technologies and how they work

Evaluate emerging use cases and the benefits associated with these use cases

Discuss dispatch strategies for energy storage

Examine the congestion component of your load center

Examine the future of energy storage pertaining to emerging technologies, long duration storage and future deployments

Agenda

THURSDAY, SEPTEMBER 15, 2022

9:00 a.m. – 4:15 p.m. Central Time

9:00 – 9:10 a.m. :: Opening Announcements

History and Advancement of Energy Storage

Market Overview

Storage installations in the US in 2021

The evolution of the power grid and the growing need for energy storage

Growth in solar and solar production profile

What is the fundamental purpose of energy storage?

Regulatory framework

storage at the federal level

state and local policy drivers

Investment in the industry

Types of Energy Storage & How They Work

Electrochemical Energy Storage

Lithium-Ion batteries (NMC vs. NCA)

Flow batteries

High temperature

Zinc batteries

Mechanical Energy Storage

Pumped Hydro energy storage

Gravity storage technologies

Compressed Air energy storage

Liquid Air energy storage

Flywheels

Electrical energy storage

Supercapacitors

Thermal energy storage

Hydrogen energy storage

Energy Storage Use Cases / Benefits

Revenue opportunities

Resource adequacy / Capacity supply

Energy arbitrage

Ancillary services

Frequency regulation

Synchronous or Spinning reserve

Non-Spinning reserve

Voltage support

Energy Consumption Reduction Opportunities

Peak demand reduction

Time of use

Hybrid System Opportunities

Curtailment management

Solar / Wind peaking

Solar / Wind shifting

Solar / Wind firming

Solar / Wind smoothing

Resiliency and Reliability Improvements

Backup power

Power quality

T&D Support

T&D upgrade cost deferral

Congestion relief

Other Applications

Microgrid

Off-Grid applications

Mobile applications

Military applications

Residential

Technology vs. Use Case

Dispatch Strategies

The Congestion Component of Your Load Center

Where the Future is Going with Storage

Emerging technologies

Funding into long duration technologies

Ongoing energy market disruptions and projections for future storage deployments

4:15 p.m. :: Program Adjourns