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Peak shaving and load leveling represent the
largest potential market for utility scale batteries.
There is a specific and a general case here. In the specific case,
for any transmission or distribution operator, there are often business
cases to be made for batteries to provide a
temporary or permanent replacement for new transformers,
additional transmission lines, and other transmission and
distribution assets. Basically, if a battery can soak up
generation, when not needed by the load, then for example, a transformer
that is fully rated for the peak load may not be required.
The value of utility scale energy storage in these cases will vary
widely, and may actually for certain circumstances be the highest-value
use of energy storage, higher even than ancillary service models.
In the general case, the latest Department
of Energy coal fired steam plant cost $670,000/MW, and of course you
also have to fuel and maintain it. A battery that replaces the
need for new generation will allow a utility to avoid this cost.
In addition, a RAND study showed the average cost of additional
transmission at $125,000/MW. Therefore, a grid-connected battery
could avoid $795,000/MW in generation and distribution costs along with
providing other services. |