February 11, 2020 - Energy Academic Group
Pacific Northwest National Laboratory’s Industry Acceptance Program: How the Use of Analytics Can Improve the Value Proposition for Energy Storage in the United States
February 11, 2020
1200 – 1250
Mr. Patrick Balducci
Chief Economist, Pacific Northwest National Laboratory
- Learn the definition of grid services provided by energy storage systems and the bases of monetization
- Review several recent assessments of energy storage projects and draw conclusions regarding what worked and how improvements could be made
- Review energy storage cost estimates and forecasts, and review our recent findings associated with grid-connected energy storage performance
- Understand the recent advancements in energy storage analytics around non-linear operation, stochastic optimization, degradation factoring, performance optimization, and application of imperfect knowledge in modeling.
Patrick Balducci has 20 years of professional experience as an economist and project manager. He is a Chief Economist at the Pacific Northwest National Laboratory (PNNL) where he has been employed since 2001. He is currently leading the industrial acceptance areas of the PNNL Energy Storage Program. He has extensive experience in modeling the benefits of energy infrastructure and in leading research and development efforts supporting the U.S. Department of Energy (DOE) and the electric power industry. He has authored over 100 publications, including journal articles, conference proceedings, and technical reports. He is currently leading research efforts evaluating the benefits of microgrids and energy storage systems in California, Massachusetts (Northampton), Oregon, and Washington. He is also leading efforts to enhance energy storage economic assessment tools for the U.S. Department of Energy (DOE). He serves as an Adjunct Professor of Business at Marylhurst University and as the President of the Pacific Northwest Regional Economics Conference’s Board of Directors. He holds a BS in Economics from Lewis and Clark College, where he graduated with honors, and an MSc in Applied Environmental Economics from the University of London, Imperial College of London. He will serve as the technical lead of the market feasibility assessment.
Dr. Daniel A. Nussbaum
Naval Postgraduate School
Chair, Energy Academic Group
Monterey CA 93943