Regulatory and investment considerations for energy storage

  • Session Topic
    Energy Storage

Regulatory and investment considerations for energy storage

11 Oct 2017, 1:10 PM - 2:30 PM

Room 219, Melbourne Convention & Exhibition Centre

Language:
English (Australia)

Chairperson: David Millar,  Technical Director - Renewable Energy, AECOM 

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Regulatory reforms to support the efficient integration of energy storage into the NEM

Aylin Cunsolo, Senior Associate, Baker McKenzie

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Investment opportunities in energy storage for the grid and the future of investing in energy security

Zeno Atherton, Grid and Storage Solutions, CEFC

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Emergence of Energy Storage in a New Energy Market: How to Make it Bankable

Toby Barber, Business Development Manager, DNV-GL

Energy Storage is emerging as a key enabling technology within a new energy market characterised by distributed energy generation, smart grids and expanded customer choices. The market drivers for energy storage are diversified and allow for multiple simultaneous value streams. Benefits include: shifting time of energy supply; peak demand management; demand side participation; alternative to expensive augmentation of existing network infrastructure; wholesale arbitrage; power quality and supply reliability; emergency response for grid stability and network ancillary services. With the right market conditions, storage can be an excellent companion for renewable energy to smoothen output and increase revenue streams. 

The evaluation of energy storage for a specific application is highly challenging. There are many impeding factors such as electricity market rules, regulatory framework, cost and technology. Lack of knowledge and tools to evaluate storage options, including technology selection, optimum storage size, life-time performance and degradation and lack of recognised standards are some of the existing challenges. 

This presentation provides an overview of energy storage systems, associated technologies and their market position in Australia. The key emerging markets, applications and drivers behind energy storage systems, particularly in relation to battery storage, will be explained. Challenges associated with storage projects will also be presented, including bankability, technology adoption lifecycle, optimum cost vs performance, battery system degradation, technology selection and operational assessments. Finally, DNV GL’s capabilities and current initiatives in energy storage will be summarised.

Contributors

  • David Millar

    Chairperson

    Technical Director - Renewable Energy

    AECOM

    David is a senior member of AECOM’s global renewable energy team and he is AECOM’s Wind Energy Practice Leader for Australia and New Zealand. He has...

  • Aylin Cunsolo

    Speaker

    Senior Associate

    Baker McKenzie

    Aylin Cunsolo is a Senior Associate at Baker McKenzie in Melbourne.  She advises on the acquisition, divestment, development and ongoing operation of...

  • Zeno Atherton

    Speaker

    Grid and Storage Solutions

    CEFC

    Zeno Atherton joined the CEFC in early 2013 and has considerable experience in the Australian power and renewable energy sectors. Working in the CEFC...

  • Toby Barber

    Speaker

    Business Development Manager

    DNV-GL

    Toby is Business Development Manager, Pacific, for DNV GL. Prior to taking this role in 2017, Toby held roles as Country Manager in Thailand and Head...

Opening Times
Wed 3 Oct Exhibition 9.00am – 5.00pm
Wed 3 Oct Networking Event 5.00pm - 6.30pm
Thur 4 Oct Exhibition 9.00am – 5.00pm

Registration opens 8.00am

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