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The bSTORE modeling suite is a storage simulation and decision-support platform used to assess the value of storage projects. bSTORE provides insights into a different aspect of storage value that can be utilized separately or in conjunction with one another. The tool provides a number of advantages that make it uniquely suited for assessing the multiple value streams of storage.

Optimal Bidding and Dispatch Module:

  • Optimal bidding and scheduling strategies under real-world market conditions
  • Maximize wholesale market value of storage assets through co-optimization of day-ahead energy, ancillary services, and real-time energy markets under uncertainty
  • Co-optimized wholesale market value, distribution system value, and customer retail rate savings
  • Optimized bidding and scheduling of “renewable generation+storage” assets
Market Impact Module:

  • Region-wide, zonal, and nodal impacts of large-scale storage deployment
  • Local market impacts of alternative deployment strategies of large existing storage resources, including pumped hydro
  • Impact of storage deployment on market-based generation retirement and new generation investment decisions
  • Total market potential for storage, accounting for “feedback effects” associated with impacts of storage adoption on markets and system marginal costs
Capacity Expansion Module:

  • Resource adequacy and flexibility value of storage
  • Value of storage in organized capacity and clean-energy markets
  • Integrated resource planning (capacity expansion with storage as a resource option)
  • Simulation of long-term system investment and retirement decisions with storage as an economically-viable resource
Transmission & Distribution Module:

  • Avoided or deferred transmission investment costs
  • Avoided or deferred distribution investment costs
  • Value of targeting underperforming distribution feeders
Customer Retail Cost Module:

  • Customer rate impacts of utility-owned or utility-contracted distribution and transmission level storage
  • Customer retail bill savings of behind-the-meter (BTM) storage
  • Impact of demand and energy rate design on storage economics
  • Identification of customer segments most likely to benefit from BTM storage adoption
  • Storage market potential based on customer investment payback
  • Utility rates and net earnings impacts if bill reductions of BTM storage exceed utility avoided costs
Customer Reliability Benefits Module:

  • Value of customer outage reduction through distributed storage
  • Customer-class-specific benefits
  • Feeders-specific distribution system benefits (front-of-meter or BTM storage combined with smart distribution network management)