Valuing Energy Storage with Clean Peak Energy Standards

 


Presented by: Nehal Divekar, Emerging Technologies,Customized Energy Solutions Ltd.

Massachusetts became the pioneering state to initiate policymaking for a clean peak energy standard (CPES) that seeks to incentivize technologies providing clean energy or reducing consumption during peak demand, in order to reduce ratepayer costs and avoid GHG emissions. The concept holds broader appeal given its many parallels with the RPS construct and mandates load serving entities to meet a pre-determined percentage of annual retail electricity sales by procurement of clean peak energy certificates (CPC). Energy storage holds a role of prominence in that policy objective by virtue of its versatility in shifting clean energy to times of peak demand and also providing ancillary services to the grid. Additional revenues from CPC coupled with declining capital costs therefore promise to create a better business case and consequently drive the storage industry. This webinar will cover the proposed CPES policy construct and emphasize on the economics of applications involving energy storage.

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INTENDED AUDIENCE:  Renewable Energy and Energy Storage Project Developers, Energy Storage OEM’s, Investors, Trade Associations, Regulators, Policy Makers, Consultants, Electricity Customers


The webinar is intended for the following audience: Renewable Energy and Energy Storage Project Developers, Energy Storage OEM’s, Investors, Trade Associations, Regulators, Policy Makers, Consultants, Electricity Customers

ABOUT THE SPEAKERS:

Webinar PresenterNehal Divekar

Nehal Divekar is a specialist in the Emerging Technologies practice at Customized Energy Solutions where he leads a team of analysts in performing diverse techno-financial analyses of projects involving energy storage technologies and distributed energy resources. Nehal brings over twelve years of diversified energy sector experience in North American electric utilities business, transmission planning, renewable energy, project development, energy markets, policy and regulation. Nehal has worked with large multinational energy EPC, consulting and technology companies with a focus on the energy sector. In his most recent engagement prior to CES, he was the lead consultant for building the Demand Response Market Integration platform for Pacific Gas & Electric (PG&E) in San Francisco, California. Nehal holds B.E and M.S degrees in Electrical Engineering from Pune University and Oklahoma State University respectively.

AFTER THE WEBINAR IS PRESENTED

For any questions, please contact Phyllis Caputo at p.caputo@ieee.org.

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