Energy Storage Frameworks in California

Energy Storage (ES) market in the United States is projected to grow six-folds to reach $2.5 Billion by 2020. California is the largest non-residential ES market today and is slated to grow in response to aggressive renewable energy goals. This report summarizes several present and future value streams available in California's energy market and looks at potential "value stacking" opportunities for energy storage. We review all the existing frameworks offered by (i) California wholesale electricity market, (ii) Load Serving Entities (LSEs) or utilities and (iii) Residential, Commercial & Industrial (C&I) customers in order to generate revenue from ES. This document presents a summary of value streams accessible to ES and their potential overlap. We will end the meeting with two sample use-cases that we find to be attractive in terms of maximizing the utility of ES followed by a brief discussion of energy arbitrage opportunities.