April 2019, Clean Energy Group
On behalf of the Clean Energy Group, Researcher Bryndis Woods and Clinic Director and Senior Economist Liz Stanton, PhD, prepared an Applied Economics Clinic white paper that presents the results of a preliminary assessment of seven non-energy benefits of battery storage. Currently, non-energy benefits of storage are not included in cost-benefit calculations for storage in Massachusetts—which has the same effect as assuming they have no value. We provide preliminary estimates of the value of seven non-energy benefits as a starting point for a discussion of how best to fully measure the advantages to Massachusetts of battery storage: avoided power outages, higher property values, avoided fines, avoided collections and terminations, avoided safety-related emergency calls, job creation, and less land used for power plants.
We utilize a number of third-party power sector models to conduct resource planning analyses, forecast electricity market prices, predict emissions output, and evaluate the need for future electric and natural gas capacity. Read more →
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