Original Version: Grid Batteries: Valuation, Design, Procurement, and Operations

1. Grid Battery Market Revenue Calculations: ERCOT, PJM, ISO-NE, NYISO, CAISO, IESO, AESO, SPP, MISO
2. PPA pricing of renewables plus grid batteries
3. Policy case studies with Energy Storage CA, MA, NY and others
4. Review of all major battery projects and use cases in current operation
5. Regulatory metrics for cost and benefit analysis for storage
6. Case studies of answering the questions of why?, when?, where?, and how much batteries?
7. Review of innovative ownership models and how to price them
8. Stylized facts of auctions for procurement of batteries
9. Learn the good, the bad, and the ugly of battery vendors
10. Insights into the good, the bad, and the ugly for inverters
11. Battery technology review
12. Basic and advanced techniques for valuation of batteries
13. Representing batteries in the planning processes for transmission, distribution and integrated resource plans
14. Design considerations for battery projects such as augmentation
15. Operational issues with batteries
16. Existing and evolving use cases for batteries
17. Addressable stacked services
18. Revenue Calculations (energy arbitrage, ancillary services, frequency response, others)
19. Cost Calculations (capital Costs, EPC, FOM, VOM, losses, connection cost, others)
20. Dispatch strategies in competitive markets for co-optimization of energy and ancillary services
21. Insights to battery simulations and computations for cycling
22. Detailed economic models of revenue and benefit valuations of batteries
23. Detailed financial models for batteries including NPV, IRR, payback, gearing, and others.
24. Methods for nodal battery valuation analysis in competitive markets
25. Procurement concerns and strategy
26. Battery testing standards as part of the commissioning of battery projects
27. Advance battery controls and automation
28. Battery End of Life Costs

1. Artificial Intelligence Applications for Dispatch of Grid Batteries
2. Block Chain Performance Management of Grid Batteries

1. Online Presentation slides
2. Handouts
3. Analytics Software exercises with value, design, buy, and operate exercises
4. Interactive group discussions
5. Case Studies

DAY 1

Introduction

• Policy and Regulatory: trends, cost and benefit metrics, policy approaches
• Valuation: use cases, methods, approaches, techniques, algorithms
• Design: cycling, cooling, standards, engineering, connection analysis
• Procurement: strategy, documents, vendors, EPC
• Operations: outages, dispatch, losses, testing, automation

Policy and Regulatory

• Case studies of NY, MA, CA, and others
• Policy Approach's and Mechanisms
• Regulatory benefit cost metrics

Battery Technologies

• Overview of battery technologies
• Current trends in battery research

Vendors

• The good, the bad, and the ugly of battery vendors
• Power batteries and Energy Batteries, LFP, Conventional Lithium Ion, Flow Batteries, others
• Battery characteristics and costs
• Strategy working with battery vendors

Use Cases

• Energy Arbitrage, Spinning Reserve, Non-Sync Spinning Reserve, Regulation, Operating Reserve, Renewables Integration, EV Charging, Frequency Response, Black Start, Others

Planning Processes and Integrated Resource Plans

• Case studies of answering questions of the why, where, when, how much
• Incorporation of Batteries in Transmission Planning, Distribution Planning and IRPs
• Alternative Analysis Capacity Investment Analysis with BESS
• Production cost hourly and sub-hourly for BESS dispatch
• Stacked Services Emulator for temporal and simultaneous use cases

System Benefits Metrics with BESS

• Capacity deferral, fuel savings, VO&M savings, FO&M Savings, Primary, Secondary, and Tertiary Reserve Savings, Frequency Response, Black Start, T&D deferral, Cost to Load savings

Operations

• Outages, losses, fade, Operations and Maintenance Costs

Competitive Market Analysis

• Market Revenue Examples ERCOT, PJM, ISO-NE, NYISO, CAISO, IESO, AESO, SPP, MISO
• Calculating revenue in day ahead schedule
• Calculating revenue in real time schedule
• Calculating frequency response and ancillary services revenues
• Valuation of Capacity Value

Cost Analysis

• Efficiency, Cycles per day and cycles per year, losses, fade, augmentation, energy costs, capital costs, EPC costs, FOM, VOM, Battery End of Life Costs, others

Financial Analysis

• BESS NPV analysis, DCF, WACC, Gearing, Sensitivities, Others

DAY 2:

Analytical Concepts and Theory Overview for BESS Valuation

• Alternative Analysis of answering the Why, Where, When and How Much questions
• Production Cost for dispatch and analysis of batteries
• Stacked Services Emulator for co-optimization valuation of batteries in competitive markets

Big Data Analytics

• Approaches to scanning for battery value across 1000's of nodes
• Data mining algorithms
• Parallelization of battery analytics algorithms
• Cloud Computing

Design

• cooling, connection analysis, cycling, augmentation, balance of plant, standards, communication systems, software, testing

Hybrid Systems

• Assessment Techniques of Pairing Lithium Ion and Flow Batteries
• Assessment Techniques of Pairing Batteries and Thermal Plant
• Assessment Techniques of Pairing Batteries and Renewables

PPA Pricing

• Calculating PPA pricing for renewables plus batteries

Procurement

• Strategy, warrantees, EPC, origination documents, connection agreements

Battery Auctions

• Bid strategy, auctions results, supply and demand, competitive differences

Case Studies:

• Artificial Intelligence applications for battery dispatch
• Block Chain Performance Management for Batteries

Dr. Randell Johnson - CEO Acelerex

Dr. Johnson is CEO of Acelerex and has expertise and experience in the Valuation, Design, Procurement, and Operations of Grid Batteries Dr. Johnson has been involved in the Energy Storage Road Map for the Maldives, Bermuda Energy Storage Sizing Study, New York Energy Storage Road Map, Massachusetts State of Charge Study, MISO Energy Storage Study, Ontario Energy Storage Study, and numerous other energy storage studies. He was selected by the World Bank to study 100% carbon-free grids with energy storage and Acelerex software and methods were selected by the International Renewable Energy Agency for increasing penetration of renewables with energy storage. Dr. Johnson has invented and developed software for battery analytics and battery real time control. He is expert at power markets and valuation of energy storage to maximize utilization of existing transmission systems and co-optimization of transmission and other resources in addition of co-optimization of energy and ancillary services. A Harvard Business Case has been written for energy storage that includes methods pioneered by Dr. Johnson. Dr. Johnson holds a Ph.D. in Power Engineering from Rensselaer Polytechnic Institute and an MS in Economics from Cass Business School, UK, and a Utility Corporate Finance Certificate for Gas and Electric Utilities from UConn Business School. Dr. Johnson has background in strategy, regulatory finance, economic optimizations, quantitative finance, electricity and energy markets, public policy, technical grid design, real-time optimizations, and high-performance computing.

This two-day seminar will be held at the hotels listed below or can be conducted on-site at your facilities. The seminar will start promptly at 8:00 AM and will finish at 4:00 PM on the first day. On Day 2 the seminar will begin at 8:00 AM and end at 12:00 PM. The program includes continental breakfast, lunch on the first day and coffee breaks. On the second day it includes a continental breakfast and coffee breaks. Attendees also receive a professionally produced seminar manual that can serve as a valuable office reference. Dress is casual for all seminars.

COVID-19 Information: Please see the PGS COVID-19 policy. You can confirm each hotel's specific COVID-19 policy using the link(s) below.

The price for this comprehensive two-day seminar is $1,895 (USD).

Register online or call (843) 212-4038.

• Additional attendees and government employees receive a 10% discount.
• Register 4 or more attendees and receive 20% off. Special pricing is available for groups of 5 or more. Call (843) 212-4038 for assistance.

Payment is due prior to the start of the seminar by Visa, Master Card, American Express, or corporate check. Seminar fees are charged at the time of registration unless other arrangements have been made. Checks payable to “PGS Energy Training,” 26 Teal Lane, Hilton Head Island, SC 29926. Cancellations result in a credit good for 2 years, transferable to a colleague. Substitutions may be made at any time. For more on PGS policies, contact our offices at (843) 212-4038.

This live group seminar is eligible for 11.0 CPE credits in Specialized Knowledge. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.

As of January 1, 2002, sponsored learning activities are measured by program length, with one 50-minute period equal to one CPE credit. One-half CPE credit increments (equal to 25 minutes) are permitted after the first credit has been earned in a given learning activity. You may want to verify that the state board from which your participants will be receiving credit accepts one-half credits.

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