Economics: Desired Future States

From EPRI Storage Wiki
< Energy Storage Roadmap: Vision for 2025
Revision as of 12:37, 19 April 2022 by Jthompson (talk | contribs)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigation Jump to search

Planning and Operational Modeling Validated and Applied

Future State Leader:
Miles Evans
Miles Evans.png

Methods and models for valuation support robust and economically optimized project planning, operation, and integration into utility practices.

Gaps to this future state
  • Project operational case studies
  • Benchmarked modeling software
  • System and portfolio planning tools and methods
  • Valuation of long-duration storage and hybrid systems such as solar-plus-storage

Multi-Use Applications Enabled

Future State Leader:
Suma Jothibasu
Suma Jothibasu.png

Utilization and value streams are maximized through innovative business models, advanced controls, and financing.

Gaps to this future state
  • Utility planning processes and tools
  • Multi-stakeholder shared operations
  • Regulatory frameworks
  • Warranties and performance guarantees
  • Controls and optimization methods

Total Cost of Ownership Reduced

Future State Leader:
Morgan Smith
Morgan Smith.png

Although energy storage technology costs have rapidly decreased over the last decade, there is still opportunity to further reduce costs throughout the various phases of the project life cycle. In this future state, costs are minimized through improved energy storage technologies and products, reduced soft costs, and financing and insurance tools.

Gaps to this future state
  • Project design optimization
  • Project deployment practices
  • Interconnection and permitting processes
  • Project operations practices
  • Risk and insurance accessibility
  • End-of-life options
  • Ensured equipment supplies and service