The electric utility industry is changing rapidly and many customers, motivated by computers, internet access, and environmental consciousness, want their electricity to come from renewable sources, and want options to use energy more efficiently. While battery energy storage is viewed as a promising technology to help utilities manage changing demands on grid and generation infrastructure, utilities and customers today are struggling to better understand and calculate its value and costs. To address this problem, the New York Power Authority (NYPA) partnered with the Electric Power Research Institute and used the public domain software tool, Storage Value Estimation Tool (StorageVET), to analyze and rank the value of adding energy storage at various commercial and industrial load locations served by NYPA.
The primary economic use of the storage systems considered in the analysis was demand charge reduction, although sites under time of use (TOU) tariffs can use an energy storage system to reduce their energy charges as well. Multiple storage system designs were tested at each site by simulating one year of storage system operation and its impact on the customers’ energy and demand charges. The team was successful in ranking and identifying sites that would deliver the best opportunity for a storage system to recover its costs through customer bill reduction.
In this webinar you will hear directly from the project leaders the process and steps taken to identify the most economically advantageous locations for battery storage using the StorageVET tool. This webinar will serve as a blueprint for you to execute your own analysis. The speakers will also share their lessons learned so when you replicate this project, you can avoid the pitfalls they faced and benefit from their experience. A demonstration of the tool will also be provided.
Who Should Attend?
Utility staff who work with data analytics, electrical and computer engineers, forecasters, etc.
- Miguel Alonso Ibanez, New York Power Authority
- Miles Evans, Electric Power Research Institute (EPRI)
Have questions? Contact 202/467-2942 or [email protected].
Click here to register for the DEED Webinar: Identifying Ways to Reduce Energy Consumption in Commercial Food Service Equipment.
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How to Join a Webinar
- Log-in information will be sent out the morning of each event (around 10:30 a.m. Eastern). If you do not receive the reminder email, please call 202-467-2942 or email [email protected]).
- Registration is for one phone line and one computer. If you have multiple employees participating from the same location, all can listen in via speaker phone.
- You may use voice over internet protocol (VoIP) instead of a phone line. This option allows you to listen to the webinar audio through your computer’s microphone and speakers.
- Submit your questions for speakers before the webinar — email them to [email protected]. You may also ask questions via online via chat during the webinar.
- This webinar is worth 1.5 CPEs/.2 CEU/1.5 PDH credits
CPE Field of Study: Specialized Knowledge
- The completion certificate is only available to the person who registered for the webinar and attendance is confirmed by the webinar report log.
- Links to the presentation and an audio recording will be sent out shortly after the webinar.
Have questions? Contact 202/467-2942 or [email protected]