Unlocking the Value of Co-Located Solar and Energy Storage


The transition to net zero is driving significant change in the energy sector. From the rise of renewables to the ever-increasing need for grid balancing services. The result is a significant requirement for scalable and real-time solutions to manage the energy system of tomorrow.

Pairing wind and solar generation with battery storage can result in premiums in power markets while sharing grid connection capacity, coupled with savings on the connection and planning costs that would otherwise be incurred means co-location of renewables and storage seems an attractive investment. But co-location is not the simple proposition it first seems and due to investor uncertainty around revenues, projects aren't progressing to build stage.

The challenge is not technology readiness, but how to manage technology within markets. The last 24 months have provided an opportunity to see what the market could look like in a highly volatile world. This session will illustrate the importance of market forecasting, revenue stacking, dispatch optimisation, and auction bidding strategies in ensuring that co-located assets achieve their full value potential. We will also explore the different energy and ancillary markets where solar and storage can earn revenue, and where we see they will develop over the next decade.

Speaker:

Chris Smith, microgrid expert
Chris Smith
Asset Development Director
GridBeyond

Chris has been working in the energy industry since 1996. Working with multiple companies at different stages of growth, from start-up to established multi-national businesses. Successfully helping companies to grow their business or market share, predominantly in the purchase of renewable power from generators. His recent focus has been on renewables and 'Power Purchase Agreements' and on utility-scale batteries and their optimisation to balance increased intermittency in the power sector.