This document provides information about an upcoming virtual energy storage summit, including thanking event sponsors and providing logistical details. It outlines the agenda with sessions on wood mackenzie research and the future of the energy storage market. Attendees are encouraged to participate in interactive sessions and networking opportunities using the event platform tools.
Bridging the Gap in Long-Term Resource Planning for Utilities and Grid OperatorsNicole Green
There is a clear disconnect between long-term resource planning for utilities and grid operators and the actual market data available. But where does this distortion stem from? How can utilities and grid operators adapt their resource planning to market trends more effectively? And what does a winning bid look like compared to a losing one?
100% Clean, Renewable Energy and Storage for EverythingLeonardo ENERGY
A recording of this webinar is available at https://youtu.be/XmRAxB9MTyU
In this webinar, Mark Jacobson introduces his new book that lays out the science, technology, economics, policy, and social aspects of a transition to 100% clean, renewable energy in order to address climate change, air pollution, and energy insecurity. Considering the EU Green Deal, the US Green New Deal and China’s climate neutrality commitment, this book is a very timely and welcome addition to the transition movement. It is one-of-a-kind:
* It’s both a textbook for students and a briefing for a broader audience of professionals and interested lay persons active in the transition movement
* It provides a focus on a selection of clean, renewable technologies that have been proven to work and can be rapidly deployed
* It includes a concrete plan howto get to 100%, clean, renewable energy and storage for everything.
* It develops energy plans for states and countries while keeping the grid stable.
* It describes practical solutions and the policies needed for those solutions.
'Mark Jacobson’s new book, 100% Clean, Renewable Energy and Storage for Everything, provides the most authoritative look yet at the future of energy beyond fossil fuels. The text is clearly written, authoritative, and thoroughly referenced. This will make a great text book for courses on energy and climate change, but is also a must read for all of us interested in the transition to a renewable future.' - Robert W. Howarth, Cornell University, New York
Wood Mackenzie Power & Renewables Breakfast Briefing II: Battery and Non-Batt...Nicole Green
Storage system prices have declined by more than 60% since 2012 and are expected to decline by another 30% over the next five years. Historically battery prices drove the bulk of system price declines, but in the future both battery prices and non-battery components like inverters, software & controls, and design, engineering and construction services will drive system price reductions. Where will the market see most savings? How will the vendor landscape evolve over the course of the next five years, as the storage industry collectively targets bringing down system prices further.
Photovoltaic market and industry trends 2020 IEA PVPSLeonardo ENERGY
Recording at: https://www.youtube.com/watch?v=KnHWR6e_8lw
This webinar will address the key drivers of the PV market and industry in the coming years based on the Trends 2020. Gaëtan Masson, Operating Agent of IEA PVPS Task 1, will look at the past developments and future scenarios, from a global market development point of view to some key price evolution features. From social aspects of PV, collective and decentralised self-consumption policies to floating PV, this webinar will browse the global landscape of PV development.
Izumi Kaizuka, deputy chair of the IEA PVPS Task 1, will present the trends of the PV Industry. The production of polysilicon, ingots, wafers, PV cells and modules have been growing with the growth of the PV market. The gap between manufacturing capacity of PV module and the demand contributed to the recent price reduction thus resulted in lower LCOE of PV power. Across the value chain, the PV upstream sector makes efforts to improve efficiency, output and reliability. Further progress of cost reduction is expected. In the downstream sector, players are also applying various methods to reduce LCOE.
Exclusive executive briefing covering demand drivers, pricing trends, and how consolidation will impact M&A in the solar, wind and storage markets in the next five years.
An interdisciplinary group of Wood Mackenzie Power & Renewables analysts will discuss key growth drivers for global solar markets, breaking down predictions on the impact of supply / demand dynamics, technology advancements and international trade tensions.
Collaborating towards a national energy visionFrank Tudor
It was a pleasure to speak at the National Energy Efficiency Conference 2017 in Melbourne yesterday. I've provided a copy of my presentation slides below with a summary of my key points.
What if some Utilities in Western Europe, Japan, Australia and USA by 2020 lost about 50% of their demands; and obviously the revenues associated with those operations? The Prosumers are here and they are looking for Regulatory Solutions!!!
Bridging the Gap in Long-Term Resource Planning for Utilities and Grid OperatorsNicole Green
There is a clear disconnect between long-term resource planning for utilities and grid operators and the actual market data available. But where does this distortion stem from? How can utilities and grid operators adapt their resource planning to market trends more effectively? And what does a winning bid look like compared to a losing one?
100% Clean, Renewable Energy and Storage for EverythingLeonardo ENERGY
A recording of this webinar is available at https://youtu.be/XmRAxB9MTyU
In this webinar, Mark Jacobson introduces his new book that lays out the science, technology, economics, policy, and social aspects of a transition to 100% clean, renewable energy in order to address climate change, air pollution, and energy insecurity. Considering the EU Green Deal, the US Green New Deal and China’s climate neutrality commitment, this book is a very timely and welcome addition to the transition movement. It is one-of-a-kind:
* It’s both a textbook for students and a briefing for a broader audience of professionals and interested lay persons active in the transition movement
* It provides a focus on a selection of clean, renewable technologies that have been proven to work and can be rapidly deployed
* It includes a concrete plan howto get to 100%, clean, renewable energy and storage for everything.
* It develops energy plans for states and countries while keeping the grid stable.
* It describes practical solutions and the policies needed for those solutions.
'Mark Jacobson’s new book, 100% Clean, Renewable Energy and Storage for Everything, provides the most authoritative look yet at the future of energy beyond fossil fuels. The text is clearly written, authoritative, and thoroughly referenced. This will make a great text book for courses on energy and climate change, but is also a must read for all of us interested in the transition to a renewable future.' - Robert W. Howarth, Cornell University, New York
Wood Mackenzie Power & Renewables Breakfast Briefing II: Battery and Non-Batt...Nicole Green
Storage system prices have declined by more than 60% since 2012 and are expected to decline by another 30% over the next five years. Historically battery prices drove the bulk of system price declines, but in the future both battery prices and non-battery components like inverters, software & controls, and design, engineering and construction services will drive system price reductions. Where will the market see most savings? How will the vendor landscape evolve over the course of the next five years, as the storage industry collectively targets bringing down system prices further.
Photovoltaic market and industry trends 2020 IEA PVPSLeonardo ENERGY
Recording at: https://www.youtube.com/watch?v=KnHWR6e_8lw
This webinar will address the key drivers of the PV market and industry in the coming years based on the Trends 2020. Gaëtan Masson, Operating Agent of IEA PVPS Task 1, will look at the past developments and future scenarios, from a global market development point of view to some key price evolution features. From social aspects of PV, collective and decentralised self-consumption policies to floating PV, this webinar will browse the global landscape of PV development.
Izumi Kaizuka, deputy chair of the IEA PVPS Task 1, will present the trends of the PV Industry. The production of polysilicon, ingots, wafers, PV cells and modules have been growing with the growth of the PV market. The gap between manufacturing capacity of PV module and the demand contributed to the recent price reduction thus resulted in lower LCOE of PV power. Across the value chain, the PV upstream sector makes efforts to improve efficiency, output and reliability. Further progress of cost reduction is expected. In the downstream sector, players are also applying various methods to reduce LCOE.
Exclusive executive briefing covering demand drivers, pricing trends, and how consolidation will impact M&A in the solar, wind and storage markets in the next five years.
An interdisciplinary group of Wood Mackenzie Power & Renewables analysts will discuss key growth drivers for global solar markets, breaking down predictions on the impact of supply / demand dynamics, technology advancements and international trade tensions.
Collaborating towards a national energy visionFrank Tudor
It was a pleasure to speak at the National Energy Efficiency Conference 2017 in Melbourne yesterday. I've provided a copy of my presentation slides below with a summary of my key points.
What if some Utilities in Western Europe, Japan, Australia and USA by 2020 lost about 50% of their demands; and obviously the revenues associated with those operations? The Prosumers are here and they are looking for Regulatory Solutions!!!
GTM Research Senior Analyst Cory Honeyman on the State and Future of the U.S. Solar Market.
Presentation from Solar Power International, September 2015
Energy Efficiency: Meeting the Challenge & Fueling A Better Built EnvironmentAlliance To Save Energy
More than 40 leaders in industry, finance, research, and policy convened at La Costa Resort in Carlsbad, Calif., to discuss critical issues and opportunities for the HVAC&R industry, including climate change, energy efficiency, refrigerants and pending federal legislation.
published in 2022
RMI views
(not necessarily EFOW point of view: check on facts, realities and views, and ways of going about change: urgencies (priorities), realities and our true opportunities!)
Last year the economy started to recover and energy consumption recovered too. With continued economic growth one might expect the entire energy sector to prosper through 2022. What factors will affect energy investments in 2022?
Hydro generation is by far main source of power generation
Clean Technology continues to be heavily subsidized by government
Wind and Solar require backup power generation like Natural Gas or Diesel Generators
Replacing nuclear power with other sources
Imports from PQ would require investment in transmission lines, storage, generators, etc.
Natural Gas plants could be built, but they would increase the CO2 footprint
Green and NDP want to phase out nuclear power, but do not have viable solution.
The State of Global Energy Storage MarketsNicole Green
Join Wood Mackenzie Power & Renewables to explore global storage development scenarios and understand key market opportunities across continents. This presentation will also address key supply chain questions and discuss the increasingly important role of storage on the grid as a fundamental driver of renewable integration, reliability and flexibility.
Solar + storage deployment has grown exponentially over the course of the last 12 months. Our energy storage experts at Wood Mackenzie Power & Renewables will analyze key technology, economic and policy drivers at a global scale for the next three years, explaining why solar + storage is such a key step in enhancing the energy system of the future.
I spoke at the Harvard Club in February of 2020 on renewable energy, how it can be used to provide a low carbon fuel to electric vehicles, and how both can play a greater role in reducing climate change and increasing jobs and economic growth if government policy helps promote the technologies.
Research Keynote: Demystifying Mexican Large-Scale Renewable Development in t...Jill Kirkpatrick
With this keynote research presentation co-presented by Wood Mackenzie’s Latin America solar and wind experts, we will break down the implications of the auction cancellation, measuring how its shockwaves will condition investment and project finance in the short-and-mid-term (in current project portfolios).
The presentation will include our forecasts for solar and wind project pipelines past 2020.
Case Study: Blockchain as the Foundation of Alectra's Grid Exchange Transacti...Jill Kirkpatrick
Alectra Utilities is leveraging blockchain technologies to develop GridExchange, a platform for transactive energy that allows its users to create new energy markets, as well as bidding into existing ones.
Behavior changes are set based on homeowner preferences for use of their distributed energy resources. The platform also creates statistics on customer energy usage and validates participation in these energy markets, confirming settlement when compensation for energy services has been paid.
As a result, users are empowered with greater choices, control and autonomy to buy, consume, and sell energy, and the utility improves reliability and forecasting by gaining visibility of energy usage patterns and changing behaviors.
An Energy Blockchain Retrospective: Is Blockchain Delivering on Promises from...Jill Kirkpatrick
EWF will provide a look at the past, present and future of energy blockchain, covering the evolution of investment activity, key use cases and early findings on the real opportunity blockchain technology holds for unlocking significant value for energy players.
Case Study: How ComEd Is Implementing Blockchain to Enhance DER User Security...Jill Kirkpatrick
ComEd is leading efforts to demonstrate how blockchain technology can enhance grid operations, including supporting the secure interconnection of distributed energy resources (DER), enabling interactions within and between microgrids, as well as exploring its potential to support energy efficiency mechanisms. It is presently working with universities and startups on projects that are being demonstrated in its Grid of the Future Lab.
This platform is being developed for managing the interconnected edge devices including DERs to grid, with technology based on blockchain-based distributed architecture to identify and ensure the security of the distribution system. This presentation will showcase ComEd's progress on the project.
Case Study: A Platform Fit for the Future – Coupling the Physics and the Econ...Jill Kirkpatrick
This case study presented by Faraday Grid's CTO will show the capabilities of the Faraday Grid’s Exchanger technology and its systemic benefits in the context of changing energy generation and demand.
Breakfast Briefing: Mapping Out the Investment and M&A Landscape for Grid Edg...Jill Kirkpatrick
The disclosed amount of investments reached a historic high in 2018, but the deal count was lower than previous years.
This Wood Mackenzie Power & Renewables breakfast briefing will summarize major investment and M&A 2018 trends, while providing an update on venture capital, private equity and M&A activity on the first half of 2019.
Research Presentation: What’s Next for Customer Energy Management?Jill Kirkpatrick
With customer adopting smart technologies at an accelerating pace, utilities are making use of connected devices, such as smart thermostats, plug load solutions, solar + storage and grid-interactive water heaters.
This Wood Mackenzie Power & Renewables research presentation will explore what are the key benefits of these deployments, and which barriers to adoption persist.
Closing Roundtable Discussion: From Commodity Providers to Digital Service Co...Jill Kirkpatrick
The rise of AI, digital twin simulation, voice interaction and other digital advancements is providing utilities with the tools to better serve a proactive, liquid customer.
The impact of these transformations goes beyond customer experience, deeply transforming utility business models, and signaling the path to the future of the utility-consumer relationship.
Micro RNA genes and their likely influence in rice (Oryza sativa L.) dynamic ...Open Access Research Paper
Micro RNAs (miRNAs) are small non-coding RNAs molecules having approximately 18-25 nucleotides, they are present in both plants and animals genomes. MiRNAs have diverse spatial expression patterns and regulate various developmental metabolisms, stress responses and other physiological processes. The dynamic gene expression playing major roles in phenotypic differences in organisms are believed to be controlled by miRNAs. Mutations in regions of regulatory factors, such as miRNA genes or transcription factors (TF) necessitated by dynamic environmental factors or pathogen infections, have tremendous effects on structure and expression of genes. The resultant novel gene products presents potential explanations for constant evolving desirable traits that have long been bred using conventional means, biotechnology or genetic engineering. Rice grain quality, yield, disease tolerance, climate-resilience and palatability properties are not exceptional to miRN Asmutations effects. There are new insights courtesy of high-throughput sequencing and improved proteomic techniques that organisms’ complexity and adaptations are highly contributed by miRNAs containing regulatory networks. This article aims to expound on how rice miRNAs could be driving evolution of traits and highlight the latest miRNA research progress. Moreover, the review accentuates miRNAs grey areas to be addressed and gives recommendations for further studies.
Characterization and the Kinetics of drying at the drying oven and with micro...Open Access Research Paper
The objective of this work is to contribute to valorization de Nephelium lappaceum by the characterization of kinetics of drying of seeds of Nephelium lappaceum. The seeds were dehydrated until a constant mass respectively in a drying oven and a microwawe oven. The temperatures and the powers of drying are respectively: 50, 60 and 70°C and 140, 280 and 420 W. The results show that the curves of drying of seeds of Nephelium lappaceum do not present a phase of constant kinetics. The coefficients of diffusion vary between 2.09.10-8 to 2.98. 10-8m-2/s in the interval of 50°C at 70°C and between 4.83×10-07 at 9.04×10-07 m-8/s for the powers going of 140 W with 420 W the relation between Arrhenius and a value of energy of activation of 16.49 kJ. mol-1 expressed the effect of the temperature on effective diffusivity.
Diabetes is a rapidly and serious health problem in Pakistan. This chronic condition is associated with serious long-term complications, including higher risk of heart disease and stroke. Aggressive treatment of hypertension and hyperlipideamia can result in a substantial reduction in cardiovascular events in patients with diabetes 1. Consequently pharmacist-led diabetes cardiovascular risk (DCVR) clinics have been established in both primary and secondary care sites in NHS Lothian during the past five years. An audit of the pharmaceutical care delivery at the clinics was conducted in order to evaluate practice and to standardize the pharmacists’ documentation of outcomes. Pharmaceutical care issues (PCI) and patient details were collected both prospectively and retrospectively from three DCVR clinics. The PCI`s were categorized according to a triangularised system consisting of multiple categories. These were ‘checks’, ‘changes’ (‘change in drug therapy process’ and ‘change in drug therapy’), ‘drug therapy problems’ and ‘quality assurance descriptors’ (‘timer perspective’ and ‘degree of change’). A verified medication assessment tool (MAT) for patients with chronic cardiovascular disease was applied to the patients from one of the clinics. The tool was used to quantify PCI`s and pharmacist actions that were centered on implementing or enforcing clinical guideline standards. A database was developed to be used as an assessment tool and to standardize the documentation of achievement of outcomes. Feedback on the audit of the pharmaceutical care delivery and the database was received from the DCVR clinic pharmacist at a focus group meeting.
"Understanding the Carbon Cycle: Processes, Human Impacts, and Strategies for...MMariSelvam4
The carbon cycle is a critical component of Earth's environmental system, governing the movement and transformation of carbon through various reservoirs, including the atmosphere, oceans, soil, and living organisms. This complex cycle involves several key processes such as photosynthesis, respiration, decomposition, and carbon sequestration, each contributing to the regulation of carbon levels on the planet.
Human activities, particularly fossil fuel combustion and deforestation, have significantly altered the natural carbon cycle, leading to increased atmospheric carbon dioxide concentrations and driving climate change. Understanding the intricacies of the carbon cycle is essential for assessing the impacts of these changes and developing effective mitigation strategies.
By studying the carbon cycle, scientists can identify carbon sources and sinks, measure carbon fluxes, and predict future trends. This knowledge is crucial for crafting policies aimed at reducing carbon emissions, enhancing carbon storage, and promoting sustainable practices. The carbon cycle's interplay with climate systems, ecosystems, and human activities underscores its importance in maintaining a stable and healthy planet.
In-depth exploration of the carbon cycle reveals the delicate balance required to sustain life and the urgent need to address anthropogenic influences. Through research, education, and policy, we can work towards restoring equilibrium in the carbon cycle and ensuring a sustainable future for generations to come.
WRI’s brand new “Food Service Playbook for Promoting Sustainable Food Choices” gives food service operators the very latest strategies for creating dining environments that empower consumers to choose sustainable, plant-rich dishes. This research builds off our first guide for food service, now with industry experience and insights from nearly 350 academic trials.
Natural farming @ Dr. Siddhartha S. Jena.pptxsidjena70
A brief about organic farming/ Natural farming/ Zero budget natural farming/ Subash Palekar Natural farming which keeps us and environment safe and healthy. Next gen Agricultural practices of chemical free farming.
2. Thank You to Our Sponsors!
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Questions? Enter them using the Chat Box #gtmstorage
Upcoming GTM Events
Virtual
Nov 30-Dec 3
Virtual
Dec 10
4. u
Housekeeping Notes
Log into the online summit agenda and click on
each session to access the session livestreams.
All sessions will be available on demand.
To ask questions to any of the speakers, simply
use the form to the right side of the livestream.
If you experience a tech issue or need to speak
with the GTM Events Team use the chat bot in
the bottom right corner.
Questions? Enter them using the Chat Box #gtmstorage
5. u
Interactive Sessions & 1:1 Networking
If you have an All-Access Pass, use the Swapcard
Match App for dedicated 1:1 meetings at 2:45pm
ET today.
We also have an Interactive Breakout with Wärtsilä
at 4:30pm ET.
Take advantage of the short breaks in between
sessions to refresh, stretch your legs and prevent
virtual fatigue.
Head over to the Community Page to learn more.
Questions? Enter them using the Chat Box #gtmstorage
6. 5
Energy Storage Summit 2020 - Wood Mac Research Spotlight woodmac.com
Wood Mackenzie research spotlight –
what to expect at an ESS unlike any
before
Dan Finn-Foley
Head of Energy Storage
Daniel.Finn-Foley@woodmac.com
@DanFinnFoley
7. 6
Energy Storage Summit 2020 - Wood Mac Research Spotlight woodmac.com
Wood Mackenzie offices Wood Mackenzie Power & Renewables offices
Wood Mackenzie is ideally
positioned to support
consumers, producers and
financers of the new energy
economy.
— Acquisition of MAKE and Greentech
Media (GTM)
— Leaders in renewables, EV demand
and grid-connected storage
— Over 500 sector-dedicated analysts and
consultants globally, including 75
specifically to power and renewables
— Located close to clients and industry
contacts
About Wood Mackenzie
We provide commercial insight and access to our experts leveraging our integrated proprietary metals, energy
and renewables research platform
8. Key theme – lessons learned from the “energy storage decade”
Tailwinds have accelerated the market into the 2020s
9. 8
Energy Storage Summit 2020 - Wood Mac Research Spotlight woodmac.com
Source: Wood Mackenzie Power & Renewables
-
20
40
60
80
100
120
140
160
180
200
Q1
2013
Q2
2013
Q3
2013
Q4
2013
Q1
2014
Q2
2014
Q3
2014
Q4
2014
Q1
2015
Q2
2015
Q3
2015
Q4
2015
Q1
2016
Q2
2016
Q3
2016
Q4
2016
Q1
2017
Q2
2017
Q3
2017
Q4
2017
Q1
2018
Q2
2018
Q3
2018
Q4
2018
Q1
2019
Q2
2019
Q3
2019
Q4
2019
Q1
2020
Q2
2020
Deployments(MW)
Residential Non-Residential Front-of-the-Meter
U.S. Q2 2020 deployments reached 168 MW
The strongest Q2 on record for deployments; Covid-19 pandemic has not hampered the downstream market
10. 9
Energy Storage Summit 2020 - Wood Mac Research Spotlight woodmac.com
Source: Wood Mackenzie Power & Renewables
U.S. market deployed 288 MWh in Q2 2020
Shorter-duration systems resulted in a MWh total that is still the fifth-highest on record
-
50
100
150
200
250
300
350
400
Q1
2013
Q2
2013
Q3
2013
Q4
2013
Q1
2014
Q2
2014
Q3
2014
Q4
2014
Q1
2015
Q2
2015
Q3
2015
Q4
2015
Q1
2016
Q2
2016
Q3
2016
Q4
2016
Q1
2017
Q2
2017
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2017
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2017
Q1
2018
Q2
2018
Q3
2018
Q4
2018
Q1
2019
Q2
2019
Q3
2019
Q4
2019
Q1
2020
Q2
2020
Deployments(MWh)
Residential Non-Residential Front-of-the-Meter
11. 10
Energy Storage Summit 2020 - Wood Mac Research Spotlight woodmac.com
U.S. FTM snapshot: Energy storage in integrated resource plans
> 300 MW
> 0 MW
A full US energy storage IRP tracker is available as part of
the Wood Mackenzie Energy Storage Service.
12. Key theme – the energy transition, accelerated
As the transition inches towards inevitability, storage will emerge as a disruptor and a
competitor
13. 12
Energy Storage Summit 2020 - Wood Mac Research Spotlight woodmac.com
Turning point – utility resource planning meets the era of storage
Storage’s dual role is on full display in updated Arizona utility targets
APS and TEP integrated resource plan changes, 2017 vs. 2020
0
1,000
2,000
3,000
4,000
5,000
6,000
Arizona Public Service Tucson Electric Power
15-yearMWenergystoragedeploymenttargets
2017/2018 IRP 2020 IRP
Source: Wood Mackenzie, utility resource plans
Dominion Energy IRP – 2019 vs. 2020
0
5,000
10,000
15,000
20,000
25,000
Offshore
Wind
Solar Energy
Storage
New-Build
Natural Gas
Total
Renewables
+ Storage
15-yearMWdeploymenttargets
2019 2020
6X
3.6X
8X
4.2X
Cut
Total planned MW increased by 424%
Energy Storage planned MW up 828%
APS storage planned up 960%
TEP storage planned up by factor of 47x
Disrupt
vs.
Enhance
14. 13
Energy Storage Summit 2020 - Wood Mac Research Spotlight woodmac.com
Disrupt or enhance – storage’s role in the energy ecosystem breaks the mold
Storage can be a competitor, an ally, or, paradoxically, both
Impact
Disruptor Enabler
15. 14
Energy Storage Summit 2020 - Wood Mac Research Spotlight woodmac.com
1,151
7,067
-
2,000
4,000
6,000
8,000
2012 2013 2014 2015 2016 2017 2018 2019 2020E 2021E 2022E 2023E 2024E 2025E
Energystoragedeploymentsbysegment(MW)
Residential Non-Residential Front-of-the-Meter
Source: Wood Mackenzie Power & Renewables
U.S. energy storage deployments will reach nearly 7 GW annually in 2025
Covid-19 creates near-term downside due to customer-acquisition issues, installation/interconnection delays
U.S. energy storage annual deployment forecast, 2012-2025E (MW)
Pair with
other
technologies
Out-compete
conventional
players
Enhance and
Innovate new
business
models
Capitalize on
volatility
16. Key theme – changing of the guard
What to expect from realignment of US politics?
17. 16
Energy Storage Summit 2020 - Wood Mac Research Spotlight woodmac.com
Source – AP forecast election results, November 8th 2020
Voters in key battlegrounds deliver the presidency to Biden, Democrats
Biden
• 290 electoral votes
• 75,218,898 Votes
(50.65%)
Trump
• 214 electoral votes
• 70,814,342 Votes
(47.68%)
North Carolina and Georgia
(31 electoral votes) still
outstanding
Biden reforms
electoral “Blue Wall”
Competes in
traditionally red states
18. 17
Energy Storage Summit 2020 - Wood Mac Research Spotlight woodmac.com
Source – AP forecast election results, November 8th 2020
Dems keep house - best-case scenario is an evenly-split Senate
Democrats
• 46 seats (+2 Ind.)
• Angus King (I-ME) and
Bernie Sanders (I-VT)
likely caucus with Dems
Republicans
• 48 seats
• Ahead in two uncalled
states (AK, NC)
Both senate seats in
Georgia are headed for
run-off elections.
The Vice President would
break any 50-50 ties
Republicans flip
Alabama senate seat
Democrats flip
2 senate seats
19. 18
Energy Storage Summit 2020 - Wood Mac Research Spotlight woodmac.com
Executive action – how a divided government would mesh with an accelerating
energy transition
“Personnel is policy”
• New leadership at
DOE, EPA, potential
shifts at FERC, and a
climate “czar” will set
tone for federal action
Executive actions
• “Day 1” strokes of the
pen could bring the US
back into the Paris
accord, take swift action
on fossil-fuel
infrastructure
A grand bargain?
• Compromises have
become rarer, but Biden
has a track record of
forging them between a
Republican Senate and
a Democratic President
December 2010 – tax compromise includes extension of renewable tax credit grants during recession
April 2021 – budget deal funds APRA-E but EPA and Energy Efficiency & Renewable Energy funds slashed
January 2012 – wind energy Production Tax Credit (PTC) passes as part of the 2012 “fiscal cliff” compromise
20. 19
Energy Storage Summit 2020 - Wood Mac Research Spotlight woodmac.com
One possibility: a new shot for a stand-alone storage ITC - what would it look like?
Impact will vary dramatically depending on how any potential tax credit is implemented
-
2,000
4,000
6,000
8,000
2012 2013 2014 2015 2016 2017 2018 2019 2020E 2021E 2022E 2023E 2024E 2025E
Energystoragedeploymentsbysegment(MW)
Residential Non-Residential Front-of-the-Meter
ITC effectively lowers costs, pushes projects into
commercialization earlier
Accelerated market creates scale, credit certainty
allows innovation, deployments increase
Less push to pair with solar could lead to
decoupling of strongly-linked markets
2019 Wood Mackenzie analysis showed potential
16% market upside depending on timing and %
value of the tax credit
21. 20
Energy Storage Summit 2020 - Wood Mac Research Spotlight woodmac.com
Source – AP statehouse / Governor control, August 2020
Democrats sliding in key statehouse battles – August 2020 control shown below
Dem control Gov. + Leg.
Rep control Gov. + Leg.
Split control between
legislature and governor
Many races remain
uncalled – but Democrats
appear short of flipping any
state legislatures
Dem control Gov. + Leg.
Rep control Gov. + Leg.
Split control between
legislature and governor
Many races remain
uncalled – but Democrats
appear short of flipping any
state legislatures
Republicans on track to
regain the NH legislature
and the MT governorship
22. 21
Energy Storage Summit 2020 - Wood Mac Research Spotlight woodmac.com
Key state-level initiatives driving storage now and for decades to come
A wide array of approaches continue to thrust states suddenly and dramatically into relevance
Short-term
• California’s Self
Generation Incentive
Program – aimed at
distributed energy and
now refocused on
resiliency
• New York’s Bridge
Incentive – a cash
incentive boost aimed to
jump start the market
• Massachusetts’s SMART
program – storage made
a key component of solar
initiatives
Mid-term
• Massachusetts's Clean
Peak Standard – a
targeted approach to
incentivize clean energy
during peak periods by
creating time-based
renewable credits
• State level planning and
modeling (multiple) –
ensures value recognition
and eligibility along with
setting up clear road
maps as signals to the
market
Long-term
• Clean energy targets
(multiple) – 100% clean or
renewable mandates
effective require storage.
Effects of these mandates
or goals are seen
particularly in utility
resource planning
• Energy storage mandates
(multiple) – mandates that
come paired with
regulations or policies to
ease and incentivize
storage yield results,
otherwise the nascent
market lacks direction
23. Key theme – covid and the “new normal”
Business-as-usual is not here yet – when will it be, and does the storage industry need
it?
24. 23
Energy Storage Summit 2020 - Wood Mac Research Spotlight woodmac.com
Post-COVID scenarios – Wood Mac analysis shows that “what’s next” may vary
Subject matter experts across Wood Mackenzie collaborated in May to construct three scenarios for a post-Covid recovery
as a framework for discussing the new reality for the energy industry.
— A “V”-shaped recovery where GDP
rapidly returns to pre-pandemic levels,
which most closely resembles the base-
case used for this report’s forecast.
— States and cities continue to expand
renewable efforts after the “new normal”
sets in.
— Minor disruption would be anticipated for
FTM energy storage deployments while
BTM markets recover in 2021.
— Outlook for storage through 2025
remains relatively unchanged.
Full recovery
— Further retreat from globalization, supply
chains under heavy tariffs, high
persistent unemployment.
— Federal policy, rather than encouraging
energy storage deployments, potentially
becomes hostile to clean energy and
international supply chains.
— States pull back on climate policy.
— Interest in project financing shrinks.
— High unemployment and longer recovery
particularly affect BTM market interest.
— Potential significant effects on the
storage market through 2022-2023.
— Climate-forward policy at the state and
federal level is pursued as an
infrastructure and clean-tech based post-
pandemic stimulus effort.
— Federal efforts dovetail with state and
local plans launched through the 2010s
to dramatically accelerate the transition
to a green economy.
— Storage friendly policies at the state and
federal level drive storage growth to
higher levels, including incentives for
customer-sited projects.
— Storage market scales up as
incentives come online in 2021-2023.
Go it Alone Greener Growth