Policy Drivers for Battery Storage Deployment
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2020
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Haverford College. Department of Economics
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Thesis
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Award
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eng
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Open Access
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Abstract
Battery storage supports grid stability and the success of variable renewable energy generation. While prior literature has addressed the political economics of lithium-ion battery storage, this thesis represents one of the earliest empirical contributions on policy drivers for the technology's deployment. Through thirteen regressions, this work assesses supportive regulations from FERC and the state of California. Confirming previous academic theories, policies establishing wholesale market access and fair compensation for battery storage were shown to strongly determine its deployment (FERC Order 841and 825). For California, renewable energy and energy storage targets also contributed significantly. These findings reinforce preceding literature while also informing energy regions looking to stimulate maximal lithium-ion battery storage development.