You are now in the main content area

What is Energy Storage Worth? Building a Business Case for Batteries

Date
October 10, 2019
Time
12:00 PM EDT - 2:00 PM EDT
Location
Centre for Urban Innovation, Room CUI-219, 44 Gerrard St East, Toronto, ON M5B 1G3
Contact
Matthew Kerry at matthew.kerry@ryerson.ca

 Seminar description

Energy storage has the ability to meet a variety of electricity system needs such as energy, frequency regulation, spinning reserve, and others. But how much does the system need? And how much is it worth? These two questions need to be answered first before energy storage owners and investors can create viable business cases by value-stacking through multiple monetizable revenue streams.

We determine the system needs that energy storage has the potential to satisfy through a new zonal capacity market formulation with energy storage. This energy and services model allows for the participation and co-optimization of resources connected to both transmission and distribution systems considering conventional and renewable energy generators with energy storage. Flow between zones is also considered, and non-wires solutions are sited and sized.

The proposed model enables holistic and comprehensive supply and system planning so that consumers can benefit from lower costs and prices. Furthermore, the participation of additional, third party suppliers can transfer risk from the central planning authority (and therefore consumers) to the private sector.

Independent Electricity System Operator (IESO) fellow Jessie Ma has been working on this research since 2018. In this seminar, the second in our fall 2019 series, she will share insights from her research and explain how this model will benefit Ontarians. Edward Arlitt, Supervisor of Advanced Technology Research at the IESO, will provide introductory remarks.

 Speaker bios

Jessie Ma

IESO Research Fellow, Centre for Urban Energy 

Jessie Ma is a proud Torontonian who makes communities more livable through energy and creativity. At Ryerson’s Centre for Urban Energy, Jessie is an IESO Research Fellow and conducts research in energy storage. She is concurrently pursuing a PhD degree in Electrical Engineering at Ryerson and researching demand response and electricity markets.  

Jessie spent over a dozen years at Hydro One and was the driving force behind the launch of the corporate responsibility program. She led the company in obtaining the Canadian Electricity Association’s prestigious Sustainable Electricity Company designation. Her diverse roles at Hydro One spanned technical and business functions, including generation connections, transmission approvals, and government relations.

Jessie is the co-founder of the ALERT project, which encourages energy conservation and efficiency in Toronto’s low-income apartment buildings. She was selected as a DiverseCity Fellow by CivicAction in 2013-2014 to participate in an intensive development program for rising civic leaders in Toronto.

She graduated from the Harvard Kennedy School’s Master in Public Administration program and the University of Toronto’s Engineering Science program. At Harvard, Jessie was the co-president of the Energy and Environment Professional Interest Council, and at the University of Toronto, she was the Treasurer of the Women in Science and Engineering.

Edward Arlitt

Supervisor, Advanced Technology Research, IESO

Edward Arlitt joined the Independent Electricity System Operator (IESO – formerly named, the IMO) in August 1999 and has since fulfilled a number of different roles within the organization, including market development, information technology, the IESO’s Smart Metering System Implementation Program (SMSIP), and as Senior Strategic Analyst with the IESO’s Market and Resource Development Division. He currently serves as Supervisor of the Advanced Technology Research Group within the IESO’s Policy, Engagement and Innovation Division.

Over the course of his career with the IESO, Edward has served on a number of external smart grid committees and currently serves as Chair of the North American ISO/RTO Council’s (IRC) Emerging Technologies Task Force. Edward holds a Bachelor of Commerce from the University of Toronto, and a Master’s of Science in Information Systems from the London School of Economics.

 Program

12:00 p.m. 
Registration, refreshments and networking

12:15
Seminar

1:00
Q&A

1:30–2:00
Networking

 Accessibility

Ryerson is committed (opens in new window)  to providing an accessible learning environment. Please let us know if we need to make any accessibility accommodations to ensure your inclusion in this event.

 Notices

  • This event is free but spaces are limited. Please register beforehand, using the Eventbrite button at the top of this page, to secure your spot. 
  • Light refreshments will be served.

 Presented in partnership with:

Toronto Hydro