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DOI10.1016/j.enpol.2021.112605
Role of policy in the development of business models for battery storage deployment: Hawaii case study
Retna Kumar A.; Shrimali G.
发表日期2021
ISSN0301-4215
卷号159
英文摘要Hawaii's 100% Renewable Portfolio Standard target has led to rapid growth in renewable generation resources. This has resulted in grid issues given the islanded nature of Hawaii's grid. The state has decided to use battery storage in its grid to address these issues. This motivates us to try to understand the various business models in the state and the minimum set of barriers that must be overcome for its successful deployment. We achieve the former by assessing the projects in the state and identifying the dominant business models. For the latter, we use a barrier-solution framework that posits the minimum set of barriers that must be met for the successful deployment of battery storage business models and we verify it by identifying the role of various policies/drivers in supporting these business models. As a result, we find predominantly three business models in Hawaii: Co-located Front-of-the-Meter, Behind-the-Meter, and Aggregated Behind-the-meter. We also verify that at least one barrier from barrier categories associated with market demand and project economics along with all the barriers related to interconnection and market participation must be addressed for successful deployment of battery storage. Based on these findings, we give recommendations to policymakers seeking to develop a battery storage market. © 2021 Elsevier Ltd
英文关键词Barrier-solution framework; Battery storage; Business models; Deployment barriers; Energy planning
语种英语
scopus关键词Commerce; Electric batteries; Barrier-solution framework; Battery storage; Business models; Case-studies; Deployment barrier; Energy planning; Generation resources; Rapid growth; Renewable generation; Renewable portfolio standard; Battery storage; alternative energy; energy planning; energy policy; power generation; smart grid; Hawaii [United States]; United States
来源期刊Energy Policy
文献类型期刊论文
条目标识符http://gcip.llas.ac.cn/handle/2XKMVOVA/256509
作者单位Sustainable Finance Initiative, Precourt Institute for Energy, Stanford UniversityCA 94305, United States
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Retna Kumar A.,Shrimali G.. Role of policy in the development of business models for battery storage deployment: Hawaii case study[J],2021,159.
APA Retna Kumar A.,&Shrimali G..(2021).Role of policy in the development of business models for battery storage deployment: Hawaii case study.Energy Policy,159.
MLA Retna Kumar A.,et al."Role of policy in the development of business models for battery storage deployment: Hawaii case study".Energy Policy 159(2021).
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