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DOI | 10.1016/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 |
ISSN | 0301-4215 |
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
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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 |
推荐引用方式 GB/T 7714 | 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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