Electricity storage can provide multiple benefits to the grid, including the ability to levelize load, provide ancillary services, and provide firm capacity. Historically, it has been difficult to compare the value of electricity storage to alternative generation resources using simplified metrics, such as levelized cost of energy. To properly value energy storage requires detailed time-series simulations using software tools that can co-optimize multiple services provided by different storage technologies. This analysis uses a commercial grid simulation tool to examine the potential value of different general classes of storage devices when providing both energy and ancillary services.

Technical Report