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News
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LCG, August 14, 2024 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2025, highlighting the region's rapid transition toward increased reliance on renewable energy resources and battery storage.
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LCG, August 14, 2024 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2025, highlighting the region's rapid transition toward increased reliance on renewable energy resources and battery storage.
Read more
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Industry News
Duke Energy Announces Plans to Invest $30 Million to Install Two Battery Storage Projects in North Carolina
LCG, September 22, 2017--Duke Energy announced yesterday plans to invest $30 million in two new lithium-ion battery energy storage systems in North Carolina that are expected to be online in 2019. The two sites identified are the first of a larger company plan to deploy energy storage for the region, and further details regarding the two projects will be filed with the North Carolina Utilities Commission in early 2018.
Duke Energy's vice president of Western Carolinas Modernization stated, "Duke Energy has experience with many battery storage projects around the nation. Western North Carolina is an ideal spot to use this technology to serve remote areas, or where extra resources are needed to help the existing energy infrastructure."
Local stakeholders perceive the two projects as positive solutions due to their relatively small footprint, low noise and no emissions to the environment. One project will be in the vicinity of Asheville, where a 9-MW battery system will be placed at a Duke Energy substation. The battery will primarily be used to provide energy support to the electric system, including frequency regulation and other grid support services.
The second project site is in the town of Hot Springs, where a 4-MW battery system is planned to improve electric reliability for the town, along with providing services to the overall electric system. In addition, Duke Energy is considering a solar facility in the town to work in conjunction with the battery system.
"These initial utility-scale energy storage projects represent an integral first step in upgrading and modernizing our grid infrastructure," said EITF Technology Working Group co-chair Ned Ryan Doyle. "Investments in energy storage are a key component to a more reliable and resilient grid. It provides a foundation for the expansion of true clean energy sources."
Duke Energy's Western Carolinas Modernization Plan also includes (i) closing an older, 376-MW coal-fired power plant in Asheville and (ii) installing a natural gas-fired power plant that includes two 280-MW generating units with low emissions. The coal plant closing and the gas plant opening are both scheduled to occur in 2019.
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UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
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UPLAN-ACE
Day Ahead and Real Time Market Simulation
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UPLAN-G
The Gas Procurement and Competitive Analysis System
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PLATO
Database of Plants, Loads, Assets, Transmission...
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