Submitted in partial fulfillment of the degree of Master of Arts in Law and Diplomacy at the Fletcher School of Law and Diplomacy. Abstract: Grid-scale energy storage has received considerable attention in the recent years and global revenues are projected to increase from $1.5 billion in 2010 to $35.3 billion by 2020. In the U.S., energy storage finds multiple applications, driven by Renewable In... read moretegration, Peak Load Growth, Transmission Constraints and Smart Grid. More renewable energy resources on the grid offer hand-in-glove opportunities for storage due to variable nature of renewable generation, which further burdens already inefficient grid operations. However, storage industry faces technical, economic and regulatory barriers, which will have to be overcome to encourage large-scale adoption.
This paper reviews the market opportunities, discusses the
economics and barriers, and provides prescriptions for possible
business models and policy recommendations.read less