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Title: A Data-Driven Approach for Value Analysis of Emerging Grid-Scale Storage Technologies By Dr Kourosh Malek of FZ-Juelich
March 8 @ 6:00 pm - 7:35 pm
Industry Speakers Series Controls, Robotics and Cybernetics Joint Chapter of IEEE Vancouver Section Title: A Data-Driven Approach for Value Analysis of Emerging Grid-Scale Storage Technologies Speaker: Dr. Kourosh Malek, Division Head, Forschungszentrum Jülich GmbH, Institute for Energy and Climate Research (IEK-13), Division AI and Data Analytics, IEK-13, 52428 Jülich, Germany Date & Time: March 8th, 2023, Wednesday at 6pm PST Place: An On-Line Event Abstract: As versatile technological solutions, energy storage technologies provide valuable stability and flexibility to the grid by increasing the utilization of renewable-based electricity assets. Storage technologies have their capabilities to control grid power intermittency or power quality services in generation, transmission, and distribution, as well as in end-user consumption side. When combined with sophisticated and reliable business models, grid-scale storage technologies can contribute significantly to enhance asset utilization rate and reliability of the power systems. The latter is particularly critical for deployment of regional and national energy policies of implementing renewable sources. There are significant benefits that grid-scale storage technologies offer to renewable sources of electricity, however, there is a lack of appropriate valuation frameworks to quantify their benefits from planning, installation, demonstration, and full commercial operation. Building upon advanced valuation models and an innovative typology of business models for adopting grid-scale storage technologies, we demonstrate a cost-benefit analysis tool to evaluate cost-effectiveness of energy storage technologies under various business models. Specifically, we assess the value of storage technologies for a range of grid services in different market structures. This data-driven valuation model clearly identifies monetization and cost-benefit ratios of relevant grid services, where various business models (utility-side, service contracted and Independent Power Producer models) are examined in detail. Speaker(s): Dr. Kourosh Malek , Agenda: Dear Friends, Please Join us for this exciting Industry Speaker Series Event. 6:00PM-6:10PM Gathering and Introduction 6:10PM-7:00PM Talk 7:00PM-7:30PM Q&A and Discussion Controls, Robotics and Cybernetics Joint Chapter of IEEE Vancouver Section Join Zoom Meeting https://ubc.zoom.us/j/66351711948?pwd=TzNZNjU1YW5Bd1lleHRreUJrUDVQQT09 Meeting ID: 663 5171 1948 Passcode: 525910 One tap mobile +17789072071,,66351711948#,,,,,,0#,,525910# Dial by your location +1 778 907 2071 (Vancouver) +1 647 374 4685 (Toronto) +1 647 375 2970 (Toronto) +1 647 375 2971 (Toronto) +1 204 272 7920 (Manitoba) +1 438 809 7799 (Montreal) +1 587 328 1099 (Alberta) +1 613 209 3054 (Ottawa) Meeting ID: 663 5171 1948 Passcode: 525910 Join from a videoconferencing system IP: 22.214.171.124 Meeting ID: 663 5171 1948 Passcode: 525910 SIP: firstname.lastname@example.org Passcode: 525910 Virtual: https://events.vtools.ieee.org/m/348445