Research Note - Energy Storage in Capacity Markets: Market Eligibility and Barriers

by Daniel Finn-Foley

Wholesale capacity markets represent a massive untapped opportunity for energy storage, though the rules surrounding these markets are not designed to make use of advanced energy storage's unique value and characteristics.

This research note examines the potential for energy storage in capacity markets, highlights the current barriers to participation, and concludes that the trend towards market changes could lead to potential benefits to the grid and stakeholders.

This note is only available to Grid Edge Executive Council Members. For more information, download the membership brochure here or contact Tate Ishimuro at

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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