In the transition to a decarbonized electric power system, variable renewable energy (VRE) resources such as wind and solar photovoltaics play a vital role due to their availability, scalability, and affordability. However, the degree to which VRE resources can be successfully deployed to decarbonize the electric power system hinges on the future availability and cost of energy storage technologies. In a paper recently published in Applied Energy, researchers from MIT and Princeton University examine battery storage to determine the key drivers that impact its economic value, how that value might…
