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Who can install energy storage at a facility?

This could include building energy managers, facility managers, and property managers in a variety of sectors. A variety of incentives, metering capabilities, and financing options exist for installing energy storage at a facility, all of which can influence the financial feasibility of a storage project.

Is thermal energy storage a building decarbonization resource?

NREL is significantly advancing the viability of thermal energy storage (TES) as a building decarbonization resource for a highly renewable energy future. Through industry partnerships, NREL researchers address technical barriers to deployment and widespread adoption of TES in buildings.

Where can energy storage be procured?

Energy storage can be procured directly from “upstream” technology providers, or from “downstream” integration and service companies (FIGURE 2) Error! Reference source not found.. Upstream companies provide the storage technology, power conversion system, thermal management system, and associated software.

Why is storage important in a building?

Storage sited at buildings can serve as important resources to promote grid reliability and flexibility, increase renewable penetration, and increase energy resilience. Current thermally driven loads make up more than 45% of the annual electrical energy consumed on-site in residential and commercial buildings (Figure 1).

What is the future of energy storage?

In addition to the U.S. government’s climate goals, the growth of electric vehicle usage, increased deployment of variable renewable generation, and declining costs of storage technologies are among other drivers of expected future growth of the energy storage market.

Should energy storage be a revenue stream?

There are currently no revenue streams associated with smoothing the short term fluctuations in power since the electric grid provides these same services at no cost. However, energy storage can be used to shift the power from renewable generation to times when it would be of more value.