Brief description of the work content of the energy storage workshop

Is energy storage a load modifying resource?

In many markets, energy storage is classified as a load-modifying resource or, in some cases, it is classified both as a generation asset and as a load resource.

What is the business model for energy storage?

The business model for energy storage reli es on value stacking, providing a set of services for customers, a local utility, and the grid. By having two or three distinct contracts stacked on top of each other, you can generate multiple revenue streams.

How can energy storage improve the performance of the energy system?

Energy storage technologies can significantly improve the performance of the whole energy system. They enhance energy security, allow more cost-effective solutions, and support greater sustainability, enabling a more just energy system.

How are energy storage technologies categorized?

Energy storage technologies are commonly classified according to their storage principle, or family. There are five energy storage families:

What is energy storage often classified as?

In many markets, storage is classified as a load-modifying resource or, in some cases, it is classified both as a generation asset and as a load resource.

What is energy storage?

Energy storage is the process of storing energy produced at one time for use at a later time. It involves converting energy from one form to another, such as electricity to chemical or potential energy, and then reconverting it back to electricity when needed.