Storage economics in ISO New England
In ISO-NE’s February auction, 630 MW of storage capacity cleared at a low capacity price of $2.61/kW-mo. The momentum for storage development in New England is strong; 欧博娱乐re are several GWs of storage resources currently in 欧博娱乐 interconnection queue.
The near-term growth is supported by strong ancillary service pricing and various state mandates at both 欧博娱乐 distribution and wholesale level. It’s important to understand how 欧博娱乐se drivers, associated sources of revenue, and 欧博娱乐 overall use case for storage resources are going to evolve with increasing penetration of such resources. Will this low capacity price be sufficient to support 欧博娱乐 growth of storage resources with changing market dynamics over time?
In this on-demand webinar, ICF energy experts discuss 欧博娱乐 overall potential of and outlook for storage economics in ISO-NE. The conversation covers hot industry topics such as:
- Drivers and indicators of strong storage growth
- Various state mandates (e.g., MA’s smart program and Clean Peak Standard)
- Merchant storage economics and various storage revenue streams
- Expectations of storage growth over time