Energy Storage for Frequency Regulation: Past, Present and Future

by Daniel Finn-Foley

Over the past twelve months GTM Research has tracked several large-scale energy storage projects installed or announced to provide frequency regulation in deregulated electricity markets across the U.S. As this geographic expansion continues the original frequency regulation market, in PJM's territory, has fundamentally changed, threatening both future developments and existing projects. This research note quantifies the contracting value proposition for energy storage in PJM while highlighting the emerging opportunity nationwide.


This brief is available to subscribers to GTM Research's Energy Storage Service. To learn more, please contact storagesubscription@gtmresearch.com.

 

Daniel Finn-Foley Senior Analyst, Energy Storage

Dan is a Senior Analyst with the Energy Storage team at GTM Research, where he focuses on utility-scale storage application. He previously worked as a Senior Consultant with DNV GL where he focused on competitive energy markets and the intersection of emerging energy business strategies within the broader evolving technological and regulatory environment. Prior to DNV GL, Dan worked with Navigant Consulting and the Department of Energy. He has over 8 years of experience in the energy space as a researcher, consultant and analyst. Dan holds a Master’s of Mechanical and Industrial Engineering degree from the University of Massachusetts Amherst Wind Energy Center and a Bachelor of Science in Mathematics-Physics from Brown University.

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