Power System Operation, Planning and Economics (PSOPE) Committee IEEE

Subcommittees

Working Group on Business Models for Energy Storage

Scope and Description

This WG came to being at the 2011 IEEE Power & Energy Society General Meeting has been active since. The objective of the working group has been to engage various stakeholders and promote a better business case for grid-scale energy storage. The WG’s scope of work is:

  • Focus on economics: building business cases and performance-based economic evaluation
  • Reviews of global energy storage project-development cases and new technology development
  • Performance-based economic evaluation on emerging grid applications (e.g., ancillary service, transmission system optimization, microgrid design, smart grid)
  • Market design, policy, and regulatory recommendations to accommodate energy storage and its myriad applications

Leadership Team

Chair: Dr. Hamid Zareipour, University of Calgary, hzareipo@ucalgary.ca

Secretary: Dr. Yury Dvorkin, New York University, yvd204@nyu.edu

Past Chairs: Dr. Ning Lu, North Carolina State University, nlu2@ncsu.edu and Dr. Pengwei Du, ERCOT, pengwei.du@ercot.com

Activities

Since its inception in 2011, the WG has organized a number of panel sessions in IEEE Power & Energy Society General Meetings and at T&D meetings. Starting in 2015, the WG has regularly offered tutorials on energy storage economics at IEEE Power & Energy Society General Meetings and T&D meetings. These tutorials have attracted over 300 attendees thus far. The WG has proposed a tutorial and will also organize a sponsored panel session at the 2019 IEEE Power & Energy Society General Meeting.

The WG is also in the initial stages of developing a while paper on the regulatory, market, and policy treatment of energy storage and a special section of a PES Transactions journal. Further details are to be determines at the 2019 IEEE Power & Energy Society General Meeting.

Get Involved

You can join the WG and get involved by contacting Yury Dvorkin, the WG secretary.