Storage Futures Study: Key Learnings for the Coming Decades

Nate Blair, Chad Augustine, Wesley Cole, Paul Denholm, Will Frazier, Madeline Geocaris, Jennie Jorgenson, Kevin McCabe, Kara Podkaminer, Ashreeta Prasanna, Ben Sigrin

Research output: NRELTechnical Report

Abstract

This report is the final in NREL's Storage Futures Study, a multiyear research project that explored the role and impact of energy storage in the evolution and operation of the U.S. power sector. The SFS examined the potential impact of energy storage technology advancement on the deployment of utility-scale storage and the adoption of distributed storage, and the implications for future power system infrastructure investment and operations. The research findings and supporting data were published across a series of six reports, culminating in this final, seventh publication that draws upon findings from across the study, previous work, and additional analysis to identify eight key learnings about the future of energy storage and its impact on the power system. The key learnings can help policymakers, technology developers, and grid operators prepare for the coming way of energy storage deployment.
Original languageAmerican English
Number of pages28
DOIs
StatePublished - 2022

NREL Publication Number

  • NREL/TP-7A40-81779

Keywords

  • decarbonization
  • deployment
  • distributed storage
  • diurnal storage
  • energy storage
  • firm capacity
  • futures study
  • grid operations
  • lithium-ion battery
  • seasonal storage
  • solar PV
  • storage technologies

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