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The Inflation Reduction Act (IRA), which extends tax credits to standalone energy storage systems, presents an unprecedented opportunity to accelerate the development and financing of merchant energy storage projects. 

In this webinar, DNV discusses lessons learned from the financing of merchant energy storage systems and opportunities for improved modelling of merchant storage revenue for projects that may seek financing under the IRA. 

In addition, DNV discusses the limitation of storage revenue modeling assuming “perfect foresight”—a common approach in storage dispatch optimization and revenue projection. Project level analysis will be presented, powered by DNV’s Hybrid Energy Resource Optimizer, demonstrating the revenue uncertainty under imperfect forecast of market prices; and how they are impacted by price volatility and other system design choices. 

During this webinar attendees will learn about: 

• Modelling implications and lessons for financing merchant energy storage projects 
• How revenue uncertainty under imperfect market price forecasts are impacted by price volatility and system design choices 
• DNV’s Hybrid Energy Resource Optimizer merchant market storage dispatch modeling tool 

Speakers

Aaron Marks, Senior Research Analyst, Wood Mackenzie	Ran Long, Senior Consultant, Energy Storage, DNV	Brian Warshay, Principal Subject Matter Expert, DNV	Uday Guntupalli, Product Manager, DNV