Storage
RETECH 2011
Washington, DC
Roger D. Feldman
[email protected]
andrewskurth.com
.
Diverse Industry Characteristics
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A. The View from 60,000 Feet –
Existing and Potential Functions
1. Firming intermittent renewable supply sources
2. Moderating price swings
3. Improving transmission reliability; overcoming T&D
line limitations
4. Ramp control and protection/resulting efficiencies
5. Expansion of smart grids; microgrid possibilities
6. System protection control
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B. The Granular Views
1. Different operational uses of storage and ability to
provide storage benefits, depending on the maximum
duration of output energy
2. Different benefits for monetizing the value of storage
based on storage capacity, and discharge capacity
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C. The Regulatory Models
Broadly speaking, there are three basic regulatory
modes with obviously different consequences for
different technologies:
1. Focus on the legal jurisdictional issues—try to tap
benefits through incremental creative flexibility
(FERC)
2. Postulate benefits which are to be optimized and focus
on facilitating them (CA)
3. Focus on leveling regulatory playing field between
storage and other alternatives, competition work out
optimal use (TX)
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D. The Financing Models
1.
While none of these regulatory models chooses
technologies, they inevitability affect the competitive
financeability of different players:
a)
Utilities
b) Third parties
c)
Corporate and equipment providers
Consequence
Systemic failure to optimize introduction of storage as a
solution to ongoing operational problems
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Roger D. Feldman, Andrews Kurth, LLP
•
Chair, Clean and Renewable Energy Group (D.C. Office)
•
40 years of practice (energy and environmental finance and
regulation)
•
Director, American Councel on Renewable Energy
•
Chair, ABA Renewable, Alternative, and Distributed
Energy Committee
•
Best Lawyers in America – 2005-2012; Who’s Who in
American Law – 1990-2012
[email protected] 202-662-3048
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