Study: Community Energy Storage Can Be Both Economically And Socially Viable

Small-scale, grid-connected energy storage solutions – or community batteries – can have a viable business case, supporting the ongoing growth of decentralized energy generation resources, according to a feasibility study published today by DNV GL.

DNV GL, a global quality assurance and risk management company, says the findings are based on work by an industry-wide consortium that includes energy storage firm Alfen and flexibility aggregator Peeeks. The study finds that, given current costs for lithium-ion battery technology and grid expansion projects, community storage can be both economically and socially viable. Furthermore, it outlines a decision-making framework to help grid operators and other stakeholders identify and optimize business models and revenue streams for community storage in any market.