How do I develop a valuation tool for energy storage?

Provide technical parameters and relevant data for three example use cases that could be used in a valuation tool. Identify a list of publicly available DOE tools that can provide energy storage valuation insights for ESS use case stakeholders. Provide information on the capabilities and different options in each modeling tool.

What are DOE energy storage valuation tools?

The DOE energy storage valuation tools are valuable for industry, regulators, and other stakeholders to model, optimize, and evaluate different ESSs in a variety of use cases. There are numerous similarities and differences among these tools.

How do I evaluate a PV array?

Input parameters for the existing and proposed PV arrays, including existing PV size, the range of new PV size, and the per kW capital cost. The new BESS and the existing DG can be added similarly. Once all inputs are provided, we can start the evaluation. Results are returned and displayed when the evaluation is completed.

How does a battery-equivalent model characterize aggregate flexibility from building loads?

A modeling method is proposed to characterize aggregate flexibility from building loads using a battery-equivalent model. Based on the flexibility model, a multi-period optimal scheduling formulation is developed to best utilize the flexibility from building loads and maximize total benefits from stacked value streams.

Are Doe's storage valuation tools free to use?

All of DOE’s storage valuation tools compared in the current version of MSP are publicly accessible and free to use. They are designed to be easy to use without requiring knowledge of the modeling, optimization, and solution process behind them. Most of these tools can be used across a variety of platforms and devices.