Energy storage development guide

What is the best practice guide for energy storage projects?

This Best Practice Guide covers eight key aspect areas of an energy storage project proposal. This Guide documents the industry expertise of leading firms, covering the different project components to help reduce the internal cost of project development and financing for both project developers and investors.

What is a good model for energy storage projects?

Best Practice Two programs exist that are good models for energy storage projects: • NYSERDA Distributed Energy Resources – Integrated Data System: Provides access to project locations, project performance, technology information, and policy information.

What is energy storage?

Basics of Energy Storage Energy storage refers to resources which can serve as both electrical load by consuming power while charging and electrical generation by releasing power while discharging. Energy storage comes in a variety of forms, including mechanical (e.g., pumped hydro), thermal (e.g., ice/water), and electrochemical (e.g., batteries).

What are eligible storage resources?

Eligible Storage resources include any mechanical, chemical, or thermal process that stores energy generated at one time for use at a later time, including the storage of thermal energy for use in heating and cooling systems that avoid using electricity for those systems. BPG 1: Project Development Ch. 4: Regulatory

Why are codes & standards important for energy storage projects?

Codes and Standards are critical to the successful development of energy storage projects at all levels of the industry. First, these rules have a direct impact on the cost of the energy storage project through the requirements of specific equipment to be used, and the labor practices performed during construction.

What are early energy storage projects?

Many early energy storage projects were developed as merchant facilities, particularly in MISO, PJM, and ERCOT, or were supported by incentive programs that are no longer available for an industry that is rapidly commercializing.