Energy Storage Opportunities and Challenges

Rapid development of renewable, variable energy resources has dramatically spurred interest in the development of energy storage over the last several years. This report discusses the future role for energy storage in the electric sector, mentioning the opportunities for increased flexibility, system quality, and emissions reduction, as well as energy storage challenges including market and political barriers. It offers a brief survey of existing energy storage technologies and value streams, then discusses the demand for energy storage and techniques for valuing its services. The report concludes with policy recommendations that address energy storage valuation and markets, regulatory treatment, and development risk.