Energy Storage Utility Feasibility Study
Fractal determines the overall benefits and economic potential of energy storage for a specific electric utility. The results provide a road map, support resource planning and energy storage adoption.
10-Step Valuation Methodology
Fractal has developed a proven 10-step methodology to complete an Energy Storage Feasibility Study.
Discover the Opportunities
Fractal designs business models to address a variety of operational and planning challenges. Multiple services are stacked to create economic, scalable and duplicatable value propositions.
Enhanced Reliability
- Solar Smoothing and Firming
- Voltage Support
- Var Support
- Power Factor Correction
- Infrastructure Deferral
- Increased System Efficiency
- Resiliency
Direct Revenues
- Ancillary Services
- Grid Services
- Capacity Payments
- RTM / DAM Arbitrage
- Solar PV Shifting
- Store/Discharge Clipped Solar
- Flexible Ramping
Operational Challenges
- Renewable Energy Curtailment
- Load Following
- Duck Curve
- Seasonality
- CRR Shaping
- Ramp Rate Restriction
- RPS / GHG Reduction Target
Peak Load Management
- Transmission Fees
- Energy Costs
- Resource Adequacy
- Reduce Capacity Obligation
- Prorated Ancillary Services
- Reduce Grid Fees
Deliverables
The project deliverables for the Energy Storage Utility Feasibility Study includes progress reports and a comprehensive final report containing:
Market and Regulatory Assessment
- Available Revenue Streams
- ESS Participation in the Market (Energy, Capacity, Grid Services)
- Policy and Tariff Impacting Ownership and Operations
- Interconnection Requirements (Size / Location / Registration)
Business Model Technical Design and Analysis
- Battery Profile (Energy, SOC and/or DOD)
- Sizing vs. Performance Summary
- Performance (RTE, Cycle Life, Calendar Life)
- Seasonal Dispatch Models
- System Sizing, Chemistry Selection, POI and Registration Requirements
- Degradation and Augmentation Schedule
- Visualization of Business Model (Duty Cycle)
Business Model Project Economics and Optimization
- Application Requirements and Valuation
- Description of Operational Concerns
- Annual System Capacity and Delivered Energy Projections
- Parameter and Assumption Explanation
- Proforma and Financial Metrics (IRR, NPV, Payback)
- Monetizable and Nonmonetizable Benefits
- Optimized Use of ITC and Incentives
- Optimization of Business Models and System Configuration
- Optimization of Dispatch, BOL Sizing, Chemistry and Augmentation Schedule
- Business Model Capital Outlay (CAPEX / OPEX)
- Description of Nearly Viable Business Models with Path to Feasibility
Additional Deliverables
- Environmental Impact and Risk Assessment
- Implementation Roadmap
- Technology Overview / Evalaution
- Weekly Education Tracks
- Fractal Financial & Technical Models (optional)
- Stakeholder Presentations and Support
Contact Us Today to Learn More
Fractal Can Provide an Introductory Call, Modeling Webinar, On-Site Education and Detailed Statement of Work Upon Request