ENERGY STORAGE FEASIBILITY STUDY

Energy Storage Feasibility Study

The Energy Storage Feasibility Study is a desktop study that determines the overall benefits and economic potential of energy storage for a specific electric utility. Fractal performs a thorough assessment to design economic business models to address operational challenges and support resource planning. Fractal also provides a roadmap to strategically maximize benefits and support 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

Address Operational Challenges

  • Renewable Energy Curtailment
  • Load Following
  • Duck Curve
  • Seasonality
  • CRR Shaping
  • Ramp Rate Restriction

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 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
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