@misc{d1da5947b9d2479fbe66189ec1fcfb8a,
title = "Capacity Expansion Modeling for Storage Technologies: NREL (National Renewable Energy Laboratory)",
abstract = "The Resource Planning Model (RPM) is a capacity expansion model designed for regional power systems and high levels of renewable generation. Recent extensions capture value-stacking for storage technologies, including batteries and concentrating solar power with storage. After estimating per-unit capacity value and curtailment reduction potential, RPM co-optimizes investment decisions and reduced-form dispatch, accounting for planning reserves; energy value, including arbitrage and curtailment reduction; and three types of operating reserves. Multiple technology cost scenarios are analyzed to determine level of deployment in the Western Interconnection under various conditions.",
keywords = "battery storage, capacity expansion modeling, energy storage, grid services, power systems, renewable energy integration, value stacking",
author = "Elaine Hale and Trieu Mai",
year = "2016",
language = "American English",
series = "Presented at the Institute for Operations Research and the Management Sciences (INFORMS) Annual Meeting, 13-16 November 2016, Nashville, Tennessee",
type = "Other",
}
