Maximizing Renewable Energy Potential
Business cases for long duration storage Overview
1. Enel Green Power background
2. Decarbonization and carbon neutrality
3. Innovation Team and scouting for storage
4. Opportunities on the horizon: grid constraints and new PPA structures
5. Long duration storage end goals?
2 Enel Green Power in the World
30 Countries
43 GW Managed Capacity
More than 1,200 Operative Plants
Countries with assets in operation and under construction
Countries in development phase Enel Green Power in North America History of Growth
5,000 MW Growth continues with 2 GW of new capacity added during 2017 and 2018 3,000 MW Growth continues with +1,100 MW in 2016, 2,000 MW an increased solar The company grows its portfolio, the largest wind portfolio wind project significantly, enters new worldwide and new 800 MW state and creates the C&I customers EGP expands in Canada first of its kind hybrid and grows its portfolio and power plant 570 MW geographical diversification 261 MW Enel Green Power is born Enel makes its first and it expanded its portfolio international acquisition in to include wind, biomass North America of 261 MW and geothermal energy hydropower from CHI Energy, Inc.
4 2000 2008 2010 2014 2016 2018 What keeps us up at night? Climate change.
To stay under 2 degrees Celsius…
IPCC, 2017. Decarbonization at Enel Green Power
3 Levers of the Energy Transition Enel Group Portfolio Highlights
1. Emission free generation 2017 2050 Utility scale PV: 5% 40% 2. Switch to low-emission energy Wind: 8% 17% vectors ______Coal: 30% 5% 3. Infrastructure Development and Gas: 19% 9% Digitilization
Enel aims to achieve carbon neutrality by 2040 Enel’s Innovation Team
• Mandate to address business problems across Enel’s business lines
• Includes capturing emerging business opportunities in the market as well as engaging with ongoing challenges
• Growing demand for storage within the company. What storage means for us: swiss army knife for the grid
Many applications for storage facilities…
Behind-the- Grid Renewable Peaking T&D Support Meter Microgrids Stabilization Integration Capacity Applications
Transmission Frequency Renewable and/or distribution Power quality and Response Capacity Firming (T&D) upgrade reliability deferral
Renewable Frequency Time-of-use Curtailment Voltage support Regulation Avoidance management
Spinning and Renewable Time- Demand charge Other Reserves Shift management
Renewable Ramp Management Long Duration Storage (8+ hours)
• Revenue stacking: 1) energy management 2) bilateral services (utility) 3) ancillary services (wholesale)
• Alleviates grid constraints
• Maximizes value of each unit of energy with time-shifting Grid constraints and congestion Rise of Virtual / Financial PPAs Renewable Energy and Corporate Off-takers
US Corporate PPA volume location trend (GW)
4.0
3.5
3.0
2.5
2.0
1.5
1.0 Offsite 0.5 Onsite 0.0 2008 2009 2010 2011 2012 2013 2014 2015 2016
Bloomberg Energy Finance, 2017. Corporate PPAs and Technology Preferences
US Corporate PPA Volumes by Technology (GW) US Corporate PPAs – leaders separate themselves (MW)
5.5 11 2016 2017 5.0 10 4.5 9 4.0 8 3.5 7 3.0 6 2.5 5 2.0 4 1.5 3 1.0 2 0.5 1 0.0 0 2008 2009 2010 2011 2012 2013 2014 2015 2016 Solar Wind Biomass & Waste Fuel Cells Cumulative
Bloomberg Energy Finance, 2017. Bottom Line: We Need Long Duration Storage for the Energy Transition Thank you!
Matt Arnold, Innovation Analyst, Enel Green Power North America
Ph. 978-447-4404