Feasibility study
A feasibility study is an assessment of the practicality of a project or system.
In the context of a storage reservoir, a feasibility study is an evaluation of all available assets installed in the area during production by the storage reservoir engineer.
This analysis identifies optimal storage technologies, quantifies costs, and develops strategies to maximize value from energy storage investments. Energy demand and generation profiles, including peak and off-peak periods.
A roadmap for energy storage deployment with timelines and cost estimates. Technologies with low lifecycle costs and high round-trip efficiency are ideal candidates for implementation. Positive ROI and reasonable payback periods indicate financial feasibility.
Storage provides one potential source of flexibility. Batteries have previously shown to be an economically effective energy storage solution. BESSs are modular systems that may be housed in conventional shipping containers. Until recently, high costs and low round trip efficiency hindered the widespread use of battery energy storage systems.
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