Description of the issue
Project Economics:
- Energy storage technologies are still emerging, battery installations are still small compared to conventional generation. Limited economies of scale
- Installed costs are expected to decrease with increased adoption (similar to wind and solar)
- Preliminary economic analysis indicates that energy arbitrage is inadequate – other sources of revenue are required
Recommandations
- Ancillary services is the alternate source of revenue and will require revisions to the AESO framework
Project Stage
Energy System Component
Storage Technology