Energy Storage and Electricity Markets: The value of storage to the power system and the importance of electricity markets in energy storage economics

Despite the fact that energy storage technologies have the capacity to benefit every segment of the power system, from generation to end-use, it can still be difficult to cost effectively deploy storage across much of the U.S. In order to identify the emerging opportunities and remaining barriers to energy storage deployment, “Energy Storage and Electricity Markets: The value of storage to the power system and the importance of electricity markets in energy storage economics” introduces existing electricity markets where storage has begun to play a significant role. This report examines how these emerging energy storage markets have developed and the potential for realizing additional value streams through new market mechanisms.