Business, Economics, Planning and Policy for Energy Storage in Low-Carbon Futures
Lead Research Organisation:
Imperial College London
Department Name: Imperial College Business School
Abstract
Decarbonising the energy system in many countries (including both China and the UK) is likely to involve the large-scale deployment of renewable electricity generators with intermittent output and the electrification of energy services such as heat and transport that have very low load factors. These changes in electricity supply and demand will lead to a great need for energy storage. Our work for the Carbon Trust has estimated that the effective deployment of energy storage in the UK could reduce the cost of a low-carbon electricity system by £15 billion in 2030.
The deployment and operation of storage is a complex task, since it can provide many different services, including energy arbitrage (buying off-peak and selling at higher peak prices), energy reserves, resolving transmission and distribution constraints and improving system reliability. The weight placed on each of these could affect the pattern of investment, and sophisticated planning tools are required to ensure that optimal decisions can be taken. We will improve these tools so that we can accurately represent a variety of storage systems. Much of the existing work on storage assumes that it might be used simply to postpone the "like for like" replacement of network assets that would otherwise be overloaded, but we will consider more radical options, using storage to actively manage the distribution network as part of the broader smart grid.
We can use our models to calculate the economic value of energy storage when it provides a range of services to network companies and system users. We will measure the option value of having a storage system that can be deployed in much less time than it takes to get consent to build a transmission line, adding flexibility in how we respond to uncertainty over the future evolution of the energy system. It is important that such decisions are made on the basis of appropriate models, capable of quantifying the wide range of services that storage can provide, taking account of the way that electricity generation and demand varies over the course of the day and the year, and measuring the impact of transmission and distribution network effects.
It is important to recognise that many countries (including the UK) have liberalised their electricity industries, and storage will only be pursued if companies believe that a viable business case exists. Work has started (via the Low Carbon Networks Fund) to test particular business models for demonstration projects, but this needs to be generalised. We will provide a quantified assessment of whether there is a business case for energy storage at present, and of what needs to be done to create one. This will involve a detailed study of the contracts that would be written around electricity storage, drawing lessons from existing arrangements for other kinds of storage, such as for gas or agricultural commodities. We will study how the rules of the electricity market could affect the choices of storage and generation technology.
We will ask what policies are needed to ensure that storage can be economically viable when sensibly deployed and operated. We will identify technology policies that can help move energy storage from prototypes to large scale deployment. International transmission may complement energy storage within a country, and we will assess the potentially conflicting incentives if neighbouring countries adopt different strategies for dealing with intermittency.
Too many debates around energy policy today are based on assertions without sufficient evidence. The models that we will develop, and the analysis that we will perform, will provide numerical estimates of the effectiveness of a range of policies, allowing regulators and other policy-makers to choose options that will lead to decarbonisation in the most effective way.
The deployment and operation of storage is a complex task, since it can provide many different services, including energy arbitrage (buying off-peak and selling at higher peak prices), energy reserves, resolving transmission and distribution constraints and improving system reliability. The weight placed on each of these could affect the pattern of investment, and sophisticated planning tools are required to ensure that optimal decisions can be taken. We will improve these tools so that we can accurately represent a variety of storage systems. Much of the existing work on storage assumes that it might be used simply to postpone the "like for like" replacement of network assets that would otherwise be overloaded, but we will consider more radical options, using storage to actively manage the distribution network as part of the broader smart grid.
We can use our models to calculate the economic value of energy storage when it provides a range of services to network companies and system users. We will measure the option value of having a storage system that can be deployed in much less time than it takes to get consent to build a transmission line, adding flexibility in how we respond to uncertainty over the future evolution of the energy system. It is important that such decisions are made on the basis of appropriate models, capable of quantifying the wide range of services that storage can provide, taking account of the way that electricity generation and demand varies over the course of the day and the year, and measuring the impact of transmission and distribution network effects.
It is important to recognise that many countries (including the UK) have liberalised their electricity industries, and storage will only be pursued if companies believe that a viable business case exists. Work has started (via the Low Carbon Networks Fund) to test particular business models for demonstration projects, but this needs to be generalised. We will provide a quantified assessment of whether there is a business case for energy storage at present, and of what needs to be done to create one. This will involve a detailed study of the contracts that would be written around electricity storage, drawing lessons from existing arrangements for other kinds of storage, such as for gas or agricultural commodities. We will study how the rules of the electricity market could affect the choices of storage and generation technology.
We will ask what policies are needed to ensure that storage can be economically viable when sensibly deployed and operated. We will identify technology policies that can help move energy storage from prototypes to large scale deployment. International transmission may complement energy storage within a country, and we will assess the potentially conflicting incentives if neighbouring countries adopt different strategies for dealing with intermittency.
Too many debates around energy policy today are based on assertions without sufficient evidence. The models that we will develop, and the analysis that we will perform, will provide numerical estimates of the effectiveness of a range of policies, allowing regulators and other policy-makers to choose options that will lead to decarbonisation in the most effective way.
Planned Impact
This project aims to provide badly-needed quantitative evidence to the policy debate over how best to deliver energy storage as part of a low-carbon energy system. In doing so, it will be relevant to the entire decarbonisation process, for the barriers to storage may well affect other technologies, and our models will consider the entire energy system.
The project will deliver new techniques and insights for planning the electricity system with significant amounts of intermittent generation and energy storage. These will be most relevant to transmission and distribution network companies, which already have to plan for an uncertain future. We will show them how storage can be deployed instead of network assets, and how it can be used as part of a new paradigm for distribution network design, in which active management based on using energy from storage when there is a danger of overloading assets supersedes the "like for like replacement" philosophy commonly used.
We will create new methods for appraising the economic value of storage technologies. These will be valuable for all the companies wishing to invest in storage devices, or accommodate them on their networks, and also for the equipment manufacturers. They will be able to learn which features of a technology will be most valuable, and hence what they should place most weight on during the development process.
We will analyse a range of business models to check whether they are viable and would allow storage to be deployed on an appropriate scale. The results will be useful for the companies hoping to invest in storage devices, since we may steer them towards the most profitable business model. They will also be useful to policy-makers and regulators, who need to know whether existing market rules and regulations are compatible with a viable business model.
We will analyse the policies needed to ensure that storage developers, owners and the electricity industry face the right incentives to create an efficient low-carbon power sector. This work will be relevant for the companies involved, and particularly so for policy-makers who need to know how to respond to this new part of the electricity industry. They receive too much advice which is not grounded in firm evidence, and our modelling results should provide a reasoned basis for decision-making.
Our improved techniques for optimisation and planning will have commercial potential and we will take steps to protect and then exploit the Intellectual Property created. Our policy work is not suitable for this kind of protection; indeed, recommendations are most likely to be followed if they have been widely disseminated. We will take steps to ensure this dissemination, and hope that through the adoption of our policy suggestions, the ultimate beneficiaries of our research will be electricity consumers.
The project will deliver new techniques and insights for planning the electricity system with significant amounts of intermittent generation and energy storage. These will be most relevant to transmission and distribution network companies, which already have to plan for an uncertain future. We will show them how storage can be deployed instead of network assets, and how it can be used as part of a new paradigm for distribution network design, in which active management based on using energy from storage when there is a danger of overloading assets supersedes the "like for like replacement" philosophy commonly used.
We will create new methods for appraising the economic value of storage technologies. These will be valuable for all the companies wishing to invest in storage devices, or accommodate them on their networks, and also for the equipment manufacturers. They will be able to learn which features of a technology will be most valuable, and hence what they should place most weight on during the development process.
We will analyse a range of business models to check whether they are viable and would allow storage to be deployed on an appropriate scale. The results will be useful for the companies hoping to invest in storage devices, since we may steer them towards the most profitable business model. They will also be useful to policy-makers and regulators, who need to know whether existing market rules and regulations are compatible with a viable business model.
We will analyse the policies needed to ensure that storage developers, owners and the electricity industry face the right incentives to create an efficient low-carbon power sector. This work will be relevant for the companies involved, and particularly so for policy-makers who need to know how to respond to this new part of the electricity industry. They receive too much advice which is not grounded in firm evidence, and our modelling results should provide a reasoned basis for decision-making.
Our improved techniques for optimisation and planning will have commercial potential and we will take steps to protect and then exploit the Intellectual Property created. Our policy work is not suitable for this kind of protection; indeed, recommendations are most likely to be followed if they have been widely disseminated. We will take steps to ensure this dissemination, and hope that through the adoption of our policy suggestions, the ultimate beneficiaries of our research will be electricity consumers.
Organisations
- Imperial College London (Lead Research Organisation)
- Energy Technologies Institute (Project Partner)
- Alstom (United Kingdom) (Project Partner)
- Electricity Storage Network (United Kingdom) (Project Partner)
- EDF Energy (United Kingdom) (Project Partner)
- Department for Business, Energy and Industrial Strategy (Project Partner)
- Carbon Trust (Project Partner)
- Highview Power Storage (United Kingdom) (Project Partner)
- Isentropic Ltd (Project Partner)
- Office of Gas and Electricity Markets (Project Partner)
- E.ON (United Kingdom) (Project Partner)
- National Grid (United Kingdom) (Project Partner)
Publications
Papadaskalopoulos D
(2014)
Decentralized Coordination of Microgrids With Flexible Demand and Energy Storage
in IEEE Transactions on Sustainable Energy
Perez A
(2016)
Effect of Battery Degradation on Multi-Service Portfolios of Energy Storage
in IEEE Transactions on Sustainable Energy
Pollitt M
(2021)
Handbook on Electricity Markets
Pollitt M
(2018)
Electricity Network Charging in the Presence of Distributed Energy Resources: Principles, Problems and Solutions
in Economics of Energy & Environmental Policy
Pollitt M
(2020)
Competition in Markets for Ancillary Services? The Implications of Rising Distributed Generation
in The Energy Journal
Pollitt, M
(2016)
Electricity Network Charging for Flexibility
Pollitt, M.
(2015)
Business Models for Electrical Energy Storage
Qiu D
(2020)
A Deep Reinforcement Learning Method for Pricing Electric Vehicles With Discrete Charging Levels
in IEEE Transactions on Industry Applications
Description | Energy storage is a promising technology for managing the challenges of intermittent renewable electricity generation, but too little was known about its economic benefits or the applicable business models for promoting it. This project, in collaboration with researchers funded by the National Science Foundation of China, aimed to identify the economic benefits from energy storage, assess a range of business models, and suggest regulatory changes, such as to auction design, which would promote its adoption. We found that adopting electricity storage as part of the plan to decarbonise the electricity industry could allow a greater share of renewable generation and a reduction in the amount of other generating capacity and network investment needed. Since these other generators were likely to have higher costs than the renewables-storage combination, we estimated that this could save consumers up to £8 billion a year by 2030. We analysed other more mature markets for storage (other than for electricity) in order to identify key lessons for electrical energy storage business models. We selected non-electric storage markets that are at different stages of their respective life cycles, including frozen food and data storage on "the cloud". This provided valuable insights on the way in which the different components of business models are interacting and capturing value for both customers and storage firms. We found that good collaboration between different industry parties is needed, because electrical energy storage can collect several different revenue streams, effectively offering a range of "products" to the market. For example, an energy store may simply arbitrage between times of high and low prices, or may sit in reserve in case power is suddenly required, or may be discharged when loads on the network are high, allowing investment in more capacity to be deferred. These uses may not be mutually compatible. Good collaboration and interaction with the different parties (regulators, utilities, industry, end-customers) that are part of the electrical energy storage value proposition is required for its optimal deployment. We proposed and analysed a Vickrey-Clark-Groves auction design that would allow an energy store to offer a range of different storage services to the system operator, and for the buyer to choose the best combination to accept. We have discussed this auction design with the GB Electricity System Operator, which is considering trials of new designs for its regular procurement auctions for response services. This was a cross-disciplinary project between economists and engineers, and we cross-tested our insights where possible. We developed a statistical method (a Markov Chain representation) to represent uncertainty within an economic model of the day-to-day operation of an energy store, which depends on changes to demand and renewable generator output. We showed that it is often best to keep the storage unit in reserve, a strategy confirmed in our more detailed engineering-based models. |
Exploitation Route | Our work on the value of energy storage has fed into the National Infrastructure Commission's work on Smart Power and a flexible power system, identified as one of its twelve current infrastructure priorities. This part of our work is therefore being taken forward by the Commission. We believe that our findings are also of interest to Ofgem and to network operators as they develop regulatory policies and investment plans, and have regular contacts with both. We have disseminated our work widely within the international academic community, and all our post-docs have funding to continue their work. |
Sectors | Energy |
Description | Our research on the value of storage, on business models and on planning standards for electricity networks and storage fed into a report for the National Infrastructure Commission, published in March 2016. That report fed into the Commission's "Smart Power" report, which had its recommendations accepted in full by the government at the time of the 2016 budget. The Commission called on the government to review the regulatory status of storage to remove outdated barriers; while Ofgem, the industry regulator, should encourage network owners to use storage. Ofgem responded to the report by consulting on regulatory changes in October 2017, and the government has committed to introduce primary legislation when time allows. While some network owners are already investing in storage, the Commission has called on Ofgem to consider, as part of its current review of network regulation, how the incentives for storage investment could be strengthened. Ofgem duly introduced a specific licence for electricity storage in November 2020. We built on this project's research to deliver a further report for the Carbon Trust on the value of flexibility in the electricity system in 2021. Flexibility could save up to £17 bn a year by 2050, depends on a portfolio of options and must be deployed locally as well as nationally. A range of heating systems and of hydrogen productio methods is likely to minimise costs, while embedding flexibility from the start and engaging consumers will be critical. Our work on new auction designs for electricity storage has been extensively discussed with National Grid, which is reponsible for the electricity System Operator auctions in Great Britain. Since 2017 we have continued to work on the design of the electricity market for high renewables including the required storage and associated ancillary services. We have engaged regularly with National Grid ESO. In line with our advice they have simplified the number of ancillary service products, begun to experiment with pay as clear auction designs and are working towards co-optimisation of ancillary service provider bids across multiple markets. |
Sector | Energy |
Impact Types | Economic Policy & public services |
Description | An analysis of electricity system flexibility for Great Britain (joint report with Carbon Trust prepared for BEIS) |
Geographic Reach | National |
Policy Influence Type | Contribution to a national consultation/review |
URL | https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/568982/An_analysis_of_elec... |
Description | ETIP SNET - ENERGY SECTOR INTERFACES |
Geographic Reach | Europe |
Policy Influence Type | Membership of a guideline committee |
Description | ETIP SNET - GRID PLANNING COORDINATION ACROSS SYSTEM OPERATORS |
Geographic Reach | Europe |
Policy Influence Type | Membership of a guideline committee |
Description | Energy Storage Report: Can storage help reduce the cost of a future UK electricity system? |
Geographic Reach | National |
Policy Influence Type | Contribution to a national consultation/review |
URL | http://www.carbontrust.com/resources/reports/technology/energy-storage-report |
Description | Member of Ofgem RIIO2 Challenging Group |
Geographic Reach | National |
Policy Influence Type | Membership of a guideline committee |
Description | Member of the Steering Committee of the Smart Grids EU Technology Platform |
Geographic Reach | Europe |
Policy Influence Type | Membership of a guideline committee |
Description | Prof Goran Strbac appointed as Lead Author in the Intergovernmental Panel on Climate Change Working Group III |
Geographic Reach | Multiple continents/international |
Policy Influence Type | Membership of a guideline committee |
Impact | This will provide evidence to all governments related to the climate change mitigation, assessing methods for reducing greenhouse gas emissions, and removing greenhouse gases from the atmosphere. It is expected that work will be the core for the development of national and International policy frameworks to ensure cost effective reduction of carbon emissions at the global level. |
Description | Professor Goran Strbac appointed as a member of BEIS Advisory Panel of Alternative Energy Markets project. |
Geographic Reach | National |
Policy Influence Type | Membership of a guideline committee |
Impact | As a result of the reformed price signals driven by the Alternative Energy Market concept, this will incentivise and enable consumers to use energy in a more efficient, less carbon-intense way and for suppliers to develop products and services that support cost effective energy system decarbonisation. UK is the international leader in the development of Alternative Energy Market concepts. . |
Description | Professor Goran Strbac appointed as a member of the Joint EU Programme on Energy Systems Integration of the European Energy Research Alliance |
Geographic Reach | Europe |
Policy Influence Type | Membership of a guideline committee |
Impact | The Joint Programme in Energy Systems Integration seeks to bring together research strengths across Europe to optimise EU energy system, in particular by benefiting from the synergies between heating, cooling, electricity, renewable energy and fuel pathways at all scales. The energy elements of the water and transport system are also included, as well as the data and control network that enables the optimisation. The Joint Programme in Energy Systems Integration is designed to develop the technical and economic framework that governments and industries will need to build the future efficient and sustainable European energy system. It is fully aligned with the recently published SET Plan Integrated Roadmap and potential impact include increased reliability and performance, minimisation of cost and environmental impacts and, in particular, increased penetration of renewable energy sources. This is informing the EU about the development of future energy research projects. |
Description | Professor Goran Strbac appointed as a member of the Open Networks Challenge Group of Energy Networks Association |
Geographic Reach | National |
Policy Influence Type | Membership of a guideline committee |
Impact | Given the objectives of Ofgem and Department for Business, Energy and Industrial Strategy (BEIS), the Challenge Group provides challenge on policy and regulatory progresses to ensure that the programme remains ambitious in delivery and implementation of key proposals related to development of framework for flexibility. The Challenge Group is giving stakeholders an increased role in challenging and shaping flexibility proposals and ensuring that the programme is sufficiently ambitious in its scope and is delivering change at pace. |
Description | Smart Systems Forum |
Geographic Reach | National |
Policy Influence Type | Membership of a guideline committee |
Impact | BEIS and OFGEM developed plans to remove barriers, improve market and regulatory framework, catalyse innovation, and shape roles and responsibilities in the shift towards a smart, more flexible energy system which meets the needs of consumers and businesses now and in the future. |
Description | E-Flex |
Amount | £280,000 (GBP) |
Funding ID | 104249 |
Organisation | Innovate UK |
Sector | Public |
Country | United Kingdom |
Start | 04/2018 |
End | 04/2021 |
Description | 'Business Models for Energy Storage', Energy Institute event on Energy Storage |
Form Of Engagement Activity | A talk or presentation |
Part Of Official Scheme? | No |
Geographic Reach | National |
Primary Audience | Professional Practitioners |
Results and Impact | Talk delivered by M.Pollitt, at the Energy Institute event on Energy Storage, London, 30 November 2015. |
Year(s) Of Engagement Activity | 2015 |
Description | 'Business Models for Future Energy', New Energy Forum Roundtable |
Form Of Engagement Activity | A formal working group, expert panel or dialogue |
Part Of Official Scheme? | No |
Geographic Reach | National |
Primary Audience | Policymakers/politicians |
Results and Impact | Talk delivered by M.Pollitt at the New Energy Forum Roundtable, Distributed Generation: new business models, financing trends and commercial drivers, London, 13 January 2016. |
Year(s) Of Engagement Activity | 2016 |
Description | 2017 IEEE PowerTech |
Form Of Engagement Activity | A talk or presentation |
Part Of Official Scheme? | No |
Geographic Reach | International |
Primary Audience | Professional Practitioners |
Results and Impact | Presentation on the new methodology for quantifying the security contribution of energy storage and demand side response |
Year(s) Of Engagement Activity | 2017 |
Description | A VCG mechanism for Electrical Storage |
Form Of Engagement Activity | A talk or presentation |
Part Of Official Scheme? | No |
Geographic Reach | International |
Primary Audience | Professional Practitioners |
Results and Impact | Greve, T. and Pollitt, M.G. 'A VCG mechanism for Electrical Storage', Conference paper at 2016 8th International Power Electronics and Motion Control Conference (IPEMC-ECCE Asia), May 22-25 2016, Hefei |
Year(s) Of Engagement Activity | 2016 |
Description | A VCG mechanism for Energy Storage (Imperial College London) |
Form Of Engagement Activity | A talk or presentation |
Part Of Official Scheme? | No |
Geographic Reach | National |
Primary Audience | Professional Practitioners |
Results and Impact | T. Greve, "A VCG mechanism for Energy Storage", Imperial College London, December 2015 |
Year(s) Of Engagement Activity | 2015 |
Description | A VCG mechanism for Energy Storage (Tianjin) |
Form Of Engagement Activity | A talk or presentation |
Part Of Official Scheme? | No |
Geographic Reach | International |
Primary Audience | Professional Practitioners |
Results and Impact | T. Greve, "A VCG mechanism for Energy Storage", Tianjin University, May 2015. |
Year(s) Of Engagement Activity | 2015 |
Description | A VCG mechanism for Energy Storage (University of Cambridge) |
Form Of Engagement Activity | A talk or presentation |
Part Of Official Scheme? | No |
Geographic Reach | Local |
Primary Audience | Professional Practitioners |
Results and Impact | T. Greve, "A VCG mechanism for Energy Storage", University of Cambridge, May 2015 |
Year(s) Of Engagement Activity | 2015 |
Description | A VCG mechanism with Application to Energy Storage |
Form Of Engagement Activity | A talk or presentation |
Part Of Official Scheme? | No |
Geographic Reach | International |
Primary Audience | Professional Practitioners |
Results and Impact | T. Greve, A VCG mechanism with Application to Energy Storage, Caltech, April 2015. |
Year(s) Of Engagement Activity | 2015 |
Description | A VCG mechanism with Application to Energy Storage (MIT) |
Form Of Engagement Activity | A talk or presentation |
Part Of Official Scheme? | No |
Geographic Reach | International |
Primary Audience | Professional Practitioners |
Results and Impact | T. Greve, A VCG mechanism with Application to Energy Storage, MIT, April 2015. |
Year(s) Of Engagement Activity | 2015 |
Description | A talk at Energy Research Institute of the National Development and Reform Commission |
Form Of Engagement Activity | A talk or presentation |
Part Of Official Scheme? | No |
Geographic Reach | International |
Primary Audience | Policymakers/politicians |
Results and Impact | Prof Goran Strbac and myself were invited to Energy Research Institute of the National Development and Reform Commission to give a talk on the development of Energy Storage in UK. |
Year(s) Of Engagement Activity | 2017 |
Description | All-Party Parliamentary Group event on Energy Storage |
Form Of Engagement Activity | A talk or presentation |
Part Of Official Scheme? | No |
Geographic Reach | National |
Primary Audience | Policymakers/politicians |
Results and Impact | This event focused on issues and opportunities particularly around behind-the-meter battery storage. Dr Marko Aunedi gave a presentation on Imperial's modelling work on business case for energy storage and the wider implications for the UK's energy sector. |
Year(s) Of Engagement Activity | 2016 |
Description | Beesley Lecture in Regulation, Institute of Directors, London: "Decentralisation, Storage and the Electricity Market" |
Form Of Engagement Activity | A talk or presentation |
Part Of Official Scheme? | No |
Geographic Reach | National |
Primary Audience | Professional Practitioners |
Results and Impact | A lecture in the Beesley lectures series at the Institute of Directors, considering the future impact of electricity storage on the electricity market and the challenges of decarbonisation. |
Year(s) Of Engagement Activity | 2017 |
Description | British Institute for Energy Economists, Keynote lecture, 22nd September 2016 |
Form Of Engagement Activity | A talk or presentation |
Part Of Official Scheme? | No |
Geographic Reach | National |
Primary Audience | Professional Practitioners |
Results and Impact | Pollitt, M. 'Business Models for Future Energy Services, British Institute for Energy Economists, Keynote lecture, Annual Conference, Oxford, 22nd September. |
Year(s) Of Engagement Activity | 2016 |
Description | Business Models for Electrical Energy Storage', BEPP-Store Meeting |
Form Of Engagement Activity | A talk or presentation |
Part Of Official Scheme? | No |
Geographic Reach | International |
Primary Audience | Professional Practitioners |
Results and Impact | Talk delivered by M.Pollitt, at the BEPP-Store Meeting, Imperial College, London, 17 December, 2015. |
Year(s) Of Engagement Activity | 2015 |
Description | Business Models for Energy Storage', Keynote address to UK Energy Storage Conference |
Form Of Engagement Activity | A talk or presentation |
Part Of Official Scheme? | No |
Geographic Reach | National |
Primary Audience | Professional Practitioners |
Results and Impact | Keynote talk delivered by M.Pollitt at the University of Birmingham, 26 November 2015 |
Year(s) Of Engagement Activity | 2015 |
Description | Business Models for Sustainability: Making Low-Carbon Technologies Attractive Investments |
Form Of Engagement Activity | A talk or presentation |
Part Of Official Scheme? | No |
Geographic Reach | National |
Primary Audience | Professional Practitioners |
Results and Impact | Talk at the Westminster Energy Forum in London as part of a half-day conference |
Year(s) Of Engagement Activity | 2017 |
Description | CIRED Conference - Flexibility from distributed energy resources: generation, storage and responsive demand |
Form Of Engagement Activity | A talk or presentation |
Part Of Official Scheme? | No |
Geographic Reach | International |
Primary Audience | Industry/Business |
Results and Impact | Presenting modelling related to importance of flexibility and smart operation in future low carbon energy systems |
Year(s) Of Engagement Activity | 2017 |
Description | Conference on Energy Storage |
Form Of Engagement Activity | A talk or presentation |
Part Of Official Scheme? | No |
Geographic Reach | International |
Primary Audience | Industry/Business |
Results and Impact | Setting out the role and value of energy storage in future low carbon energy system |
Year(s) Of Engagement Activity | 2018 |
Description | EPRG Conference, Cambridge, 13th May 2016 |
Form Of Engagement Activity | A talk or presentation |
Part Of Official Scheme? | No |
Geographic Reach | National |
Primary Audience | Professional Practitioners |
Results and Impact | Pollitt, M. 'Network charging for a flexible and reliable electricity system', EPRG Conference, Cambridge, 13th May. |
Year(s) Of Engagement Activity | 2016 |
Description | Emerging Business Models for Energy Storage: Applications to the power, transport and heat sectors |
Form Of Engagement Activity | A talk or presentation |
Part Of Official Scheme? | No |
Geographic Reach | International |
Primary Audience | Professional Practitioners |
Results and Impact | Anaya, Karim L., Pollitt, Michael G. (2016), "Emerging Business Models for Energy Storage: Applications to the power, transport and heat sectors," Conference paper at 2016 8th International Power Electronics and Motion Control Conference (IPEMC-ECCE Asia), May 22-25 2016, Hefei. |
Year(s) Of Engagement Activity | 2016 |
Description | Give a speech 'Challenges for Future Development of Power Sector' at State Grid Energy Research Institute |
Form Of Engagement Activity | A talk or presentation |
Part Of Official Scheme? | No |
Geographic Reach | International |
Primary Audience | Industry/Business |
Results and Impact | Give a speech at State Grid Energy Research Institute China and inform the potential market development and business case for state grid china. |
Year(s) Of Engagement Activity | 2016 |
Description | Give speech 'Introduction of EU (UK) Reform of Electricity Market and their experiences to China' at International Workshop on Electricity Market |
Form Of Engagement Activity | Participation in an activity, workshop or similar |
Part Of Official Scheme? | No |
Geographic Reach | International |
Primary Audience | Policymakers/politicians |
Results and Impact | More than 100 attendants showed in this event and exchanged the vision on the market development all over the world. |
Year(s) Of Engagement Activity | 2016 |
Description | Give speech 'Role and value of energy storage in the future low carbon energy systems' at NDRC Energy Research Institute, China |
Form Of Engagement Activity | A talk or presentation |
Part Of Official Scheme? | No |
Geographic Reach | International |
Primary Audience | Policymakers/politicians |
Results and Impact | Give a speech at NDRC Energy Research Institute, China regarding the role and value of energy storage in the future low carbon energy systems and inform the development of electricity market to support the application of energy storage. |
Year(s) Of Engagement Activity | 2016 |
Description | Give speech 'Role and value of flexibility in the future low carbon energy systems' at 7th China International Conference on Electricity Distribution |
Form Of Engagement Activity | Participation in an activity, workshop or similar |
Part Of Official Scheme? | No |
Geographic Reach | International |
Primary Audience | Industry/Business |
Results and Impact | Give a speech at 7th China International Conference on Electricity Distribution regarding 'Role and value of flexibility in the future low carbon energy systems' and inform the potential development of electricity market in China. |
Year(s) Of Engagement Activity | 2016 |
Description | Give speech 'Transforming the energy system with energy storage' at International Workshop on Energy Storage Pricing |
Form Of Engagement Activity | Participation in an activity, workshop or similar |
Part Of Official Scheme? | No |
Geographic Reach | International |
Primary Audience | Industry/Business |
Results and Impact | Give speech at International Workshop on Energy Storage Pricing regarding Transforming the energy system with energy storage and inform the potential development of eletricity market to support the large scale application of energy storage. |
Year(s) Of Engagement Activity | 2016 |
Description | Give speech 'Value of energy storage with multiple service provision' Panel Session in IET ACDC conference, Beijing, China |
Form Of Engagement Activity | Participation in an activity, workshop or similar |
Part Of Official Scheme? | No |
Geographic Reach | International |
Primary Audience | Industry/Business |
Results and Impact | Give a speech at a panel session in IET ACDC conference, Beijing, China regarding value of energy storage with multiple service provision and exchanged the vision on the development of energy storage. |
Year(s) Of Engagement Activity | 2016 |
Description | Grantham Institute Seminar, LSE, London, 23 March 2016 |
Form Of Engagement Activity | A talk or presentation |
Part Of Official Scheme? | No |
Geographic Reach | Local |
Primary Audience | Professional Practitioners |
Results and Impact | Pollitt, M. 'Business Models for Future Electrical Energy Services', Grantham Institute Seminar, LSE, London - Michael Pollitt, 23 March |
Year(s) Of Engagement Activity | 2016 |
Description | IEEE Power and Energy Society - General Meeting |
Form Of Engagement Activity | A talk or presentation |
Part Of Official Scheme? | No |
Geographic Reach | International |
Primary Audience | Study participants or study members |
Results and Impact | Setting out Market design requirements for Energy Storage and flexible demand |
Year(s) Of Engagement Activity | 2017 |
Description | International Institute for Energy Systems Integration - annual workshop |
Form Of Engagement Activity | A talk or presentation |
Part Of Official Scheme? | No |
Geographic Reach | International |
Primary Audience | Professional Practitioners |
Results and Impact | Presentation on the role and value of energy storage in supporting cost effective transition to low carbon energy systems |
Year(s) Of Engagement Activity | 2017 |
Description | Long-duration storage workshop |
Form Of Engagement Activity | A talk or presentation |
Part Of Official Scheme? | No |
Geographic Reach | National |
Primary Audience | Industry/Business |
Results and Impact | My talk was focused on presenting evidence related to the importance of storage capacity, including the need for long-duration storage on the GB system and regulatory implications |
Year(s) Of Engagement Activity | 2017 |
Description | Ofgem Away Day, London 16th May 2016 |
Form Of Engagement Activity | A formal working group, expert panel or dialogue |
Part Of Official Scheme? | No |
Geographic Reach | National |
Primary Audience | Policymakers/politicians |
Results and Impact | Pollitt, M. 'Future Energy System Challenges', Ofgem away day, London 16th May. |
Year(s) Of Engagement Activity | 2016 |
Description | Participate in ENERGY STORAGE & CONNECTED SYSTEMS |
Form Of Engagement Activity | Participation in an activity, workshop or similar |
Part Of Official Scheme? | No |
Geographic Reach | International |
Primary Audience | Industry/Business |
Results and Impact | Gave keynote speech on "Energy storage: a game changer for the energy market" |
Year(s) Of Engagement Activity | 2017 |
Description | Participate in Smarter Network Storage Conference |
Form Of Engagement Activity | Participation in an activity, workshop or similar |
Part Of Official Scheme? | No |
Geographic Reach | International |
Primary Audience | Industry/Business |
Results and Impact | Gave talk on "Energy storage - making it happen" and inform the debate. |
Year(s) Of Engagement Activity | 2016 |
Description | Presentation at Research Seminar organised by Chaire European Electricity markets of Paris Dauphine university |
Form Of Engagement Activity | A talk or presentation |
Part Of Official Scheme? | No |
Geographic Reach | International |
Primary Audience | Postgraduate students |
Results and Impact | Dr Marko Aunedi gave a presentation in this research seminar on May 19, 2015, on Imperial's modelling of energy markets for valuing energy storage. |
Year(s) Of Engagement Activity | 2015 |
Description | Renewable, Flexible and Resilient Energy Grids |
Form Of Engagement Activity | A talk or presentation |
Part Of Official Scheme? | No |
Geographic Reach | International |
Primary Audience | Industry/Business |
Results and Impact | The central theme of this conference was to discuss how to obtain the right mix between flexibility and robustness necessary to operate energy systems with greater presence of renewable generation in a reliable and resilient way, considering several sources of uncertainty in the short and long term. The focus was on latest advances in the use of innovative forms of operation and in the design of electrical systems (including new technologies such as storage and demand control), market instruments and appropriate policies for this new context. |
Year(s) Of Engagement Activity | 2018 |
URL | http://www.cesworkshop.cl/18/es/inicio |
Description | Statoil-NTNU conference, Trondheim, Norway, 20th October 2016 |
Form Of Engagement Activity | A talk or presentation |
Part Of Official Scheme? | No |
Geographic Reach | International |
Primary Audience | Professional Practitioners |
Results and Impact | Pollitt, M., Business Models for Future Energy Services, Statoil-NTNU conference, Trondheim, Norway, 20th October. |
Year(s) Of Engagement Activity | 2016 |
Description | The 6th China International Energy Storage Conference, Shenzhen, China, 25th May 2016 |
Form Of Engagement Activity | A talk or presentation |
Part Of Official Scheme? | No |
Geographic Reach | International |
Primary Audience | Professional Practitioners |
Results and Impact | Pollitt, M. 'Are the prospects for electrical energy storage in Europe as good as they are in California?' The 6th China International Energy Storage Conference, Shenzhen, China, 25th May |
Year(s) Of Engagement Activity | 2016 |