Smart Energy Technologies
Making Solar+Storage Investment Decisions for Industrial Customers
Tuesday, September 25
3:05 PM - 3:25 PM
Abstract Content : As solar and batteries continue to gain traction in the marketplace through falling prices and improving performance, there is a need to consider new markets for installing these systems. However, evaluating options for customer-sited and distributed technologies can be overwhelming. There are a significant number of options to consider, from stand-alone investments in solar PV, to systems that deploy solar+storage together, and systems that must pair with other alternative options - such as combined-heat-and-power (CHP), or even wind. The significant number of options to consider can impair your ability to effectively analyze and prioritize investments. On top of that, how you integrate options can either strengthen or weaken the overall investment potential of your system, adding another layer of complexity.
Until now, there have been no publicly available tools that can consider stacked value streams including peak shaving, arbitrage, grid back-up, renewable integration, CHP, and investment incentives. The tool developed under this work builds on research presented last year at SPI2017 (“Economic Analysis and Design Optimization for Peak Shaving Applications”) and addresses the gap in available planning and investment tools by expanding the design optimization tool to include customers that use combined heat and power. Providing an industry-standard platform, the tool enables developers, system designers, equipment suppliers, investors, and other interested parties to identify the least cost combination of distributed solar, wind, virtually any storage technology, CHP, and back-up generation.
Focusing on the value streams and their interactions for a typical large industrial customer in California, this presentation will detail how the tool:
- Evaluates options for hundreds of utility tariffs or provides the ability to create custom utility tariffs
- Provides built-in load profiles for sixteen different customer types, plus the ability to create or import load profiles
- Captures the diverse range of incentives that vary between markets
- Performs sensitivity analysis to reduce the uncertainty and risk of investment decisions
The ability to quickly and easily understand their investment potential for customers with site-specific energy needs will enable solar+storage systems to expand their footprint in the marketplace. This tool is capable of significantly reducing initial investment design cost by quickly determining optimal design options for a wide variety of commercial and industrial customers.