On October 11th, the New York Battery and Energy Storage Technology (NY-BEST) Consortium will be hosting the Energy Storage Technology Conference in Rochester, NY. Industry and academic leaders will fuel discussions around technological advances and R&D in energy storage technology, while business and project development experts will discuss current and potential commercialization efforts.
Jeff Bishop, Key Capture Energy’s Managing Director, will be participating on a panel for Energy Storage Reliability and Peak Power. With common goals to catalyzing growth of New York’s energy storage industry, this event brings together a wide range of stakeholders, from investors to government officials. For more information, see the agenda of the event linked below.
This conference follows a major study performed by Strategen Consulting, on behalf of NY-BEST last month: “New York City’s Aging Power Plants; Risks, Replacement Options, and the Role of Energy Storage”, through which an economic and environmental evaluation of replacing New York City’s retiring peaker plant portfolio was performed. It was found that energy storage is one of the few potential short-term solutions to replacing this capacity without increasing reliance on fossil-fuel based power – essential to meeting NY’s clean energy targets. Environmentally, strategic deployment of storage could reduce emissions, particularly NOx, by 66% in the city, while the current strategies for emission controls have been declared ineffective by NYISO in a recent report.
Key Capture has performed its own analysis which parallels NY-BEST’s conclusions in many ways. By analyzing the remaining fossil fuel peaker plants with capacity factors under 10% (totaling 12,500MW) in New York, emissions of SOx, CO2, and NOx were found to be strikingly disproportional on a per unit of energy basis. This is due to catalytic reactions that occur when starting up and shutting down plants of this nature, and the inability of certain emission containment equipment to operate at low temperatures. Replacing some of these peaker plants with storage would both enable other fossil-fuel plants to become more efficient at higher capacity factors (thus lowering emissions overall), while enhancing grid reliability.Determining a methodology for remunerating storage owners accordingly to environmental benefits they provide is essential to the realization of energy storage’s value, and consequently, its deployment to solve these issues. It will surely be an issue of interest in the discussions on October 11th.
Determining a methodology for remunerating storage owners accordingly to environmental benefits they provide is essential to the realization of energy storage’s value, and consequently, its deployment to solve these issues. It will surely be an issue of interest in the discussions on October 11th.