BURLINGTON, MA — (Marketwired) — 09/10/13 — announces the launch of a customized energy storage valuation service tailored to utilities– growing need to assess storage applications on their system. The services, available immediately, are designed to address the needs generated by actions such as the September 3 preliminary , which set a January 2014 deadline for investor owned utilities in the state to submit plans outlining their energy storage resources.
“The new services are a timely development to meet the fast-developing needs for energy storage estimation and management,” said Richard Fioravanti, Vice President, Distributed Energy Resources at DNV KEMA.
The energy storage valuation service gives each utility:
expert engineering advice delivered by experienced professionals,
sophisticated analytic toolkits customized to specific utility grids,
a recommended energy storage portfolio,
a feasible plan for scaled deployment to maximize return on investment, and
a multi-year roadmap to adoption and compliance to potential initiatives.
“The service tells utilities what they need to know,” said Fioravanti. “It shows if, when, where, how large, and how to reach a payback point on energy storage investment. The simulation capabilities allow a utility to quickly run hundreds of scenarios in order to determine the optimum approach.”
The service is possible due to including , which debuted in 2013 as a purpose-built modeling tool used by the CPUC as input in its effort to establish reliable and detailed economics for energy storage. Other tools include , , and .
While prior generations of tools provided “typical” economic recommendations based on simpler analyses, the new service applies tools that conduct systems analysis at the engineering level, examining energy storage performance over years or within seconds with notably comprehensive detail and accuracy. It examines storage at multiple points of the grid and compares energy storage from varied ownership models.
DNV KEMA–s newly-launched service analyzes specific economic and operational factors — including cost, efficiency, reliability, and dispatchability controls for multiple applications — to assemble a portfolio of energy storage that is compliant and financially viable.
, with more than 2,300 experts in over 30 countries around the world, is committed to driving the global transition toward a safe, reliable, efficient, and clean energy future. With a heritage of nearly 150 years, we specialize in providing world-class, innovative solutions in the fields of business & technical consultancy, testing, inspections & certification, risk management, and verification. As an objective and impartial knowledge-based company, we advise and support organizations along the energy value chain: producers, suppliers & end-users of energy, equipment manufacturers, as well as government bodies, corporations and non-governmental organizations. DNV KEMA Energy & Sustainability is part of DNV, a global provider of services for managing risk with more than 10,000 employees in over 100 countries. For more information on DNV KEMA Energy & Sustainability, visit .
For media questions, contact:
Jane Howell
DNV KEMA America–s Press Officer
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