Brattle Principal Ryan Hledik and Associate Roger Lueken will speak at the Energy Storage Association (ESA) Webinar, “Nevada: 700 MW of Energy Storage by 2030!? An In-Depth Look at the Recent Economic Potential Study,” taking place December 11 at 2pm EST.
The webinar will provide an in-depth analysis into a recent Brattle study commissioned for the Public Utilities Commission of Nevada (PUCN) and the Nevada Governor’s Office of Energy (GOE), which revealed that Nevada’s energy future could include up to 700 MW of cost-effective energy storage. Mr. Hledik and Dr. Lueken will give a synopsis of Brattle’s study, methods, and its implications for both Nevada and beyond.
The key findings of the Brattle study, which are relevant for other systems that are exploring the value of storage, included the following:
- A 30% decline in storage costs (e.g., from $300/kWh to $210/kWh) would increase cost-effective deployment levels by 200% to 500%.
- The economically optimal level of energy storage deployment increases as system conditions evolve and flexibility needs increase over time. At a given cost of energy storage, optimal deployment levels are more than twice as high in 2030 as in 2020.
- The ability to use battery systems to mitigate distribution system outages potentially accounts for 20% to 40% of the total benefits, which can significantly increase the economically optimal level of storage deployment.
- High-value opportunities can decline quickly. For instance, most of the identified opportunities for geographically-targeted transmission and distribution investment deferrals in Nevada were captured with only about 200 MW of energy storage. Other value streams, such as resource adequacy value, are less sensitive to deployment levels.
For more information about the ESA Webinar, please visit the event website.
To learn more about Brattle’s expertise in Energy Storage and our recent work, please visit here.