Integrating the Value of Resilience into Energy Decisions

Research output: NRELPresentation

Abstract

The value of resilience can be quantified and integrated into decision making to help inform economic, resilient, and sustainable energy deployment decisions using tools and analysis. Traditionally, distributed energy deployment decisions have often been based on how much energy, or how much money, a system can save. More and more, building owners and communities are recognizing that these systems can also provide a resilience value by sustaining critical loads during an outage. In order to consider the value of resilience in investment decisions, we must quantify how much resilience a system provides, assign a value to that resilience, and monetize that value through grid services, incentives, or other methods. This presentation discusses methods, tools, advantages, and challenges inherent to the process.
Original languageAmerican English
Number of pages11
StatePublished - 2020

Publication series

NamePresented at the National Academy of Sciences Energy Master Planning for Resilient Public Communities Virtual Training, 5 October 2020

NREL Publication Number

  • NREL/PR-7A40-78059

Keywords

  • analysis
  • modeling
  • monetizing
  • resilience
  • survivability

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