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Webinar: Solar to Grid – Market Value and Bulk Power Impacts of US Solar Through 2019
August 18 @ 4:00 pm - 5:00 pm EDT
Featured Speakers: Andrew D. Mills, Research Scientist, Lawrence Berkeley National Laboratory
Joachim (Jo) Seel, Senior Scientific Engineering Associate, Lawrence Berkeley National Laboratory
Webinar Abstract: With continued deployment of solar across the United States, assessing the interactions of solar with the power system is an increasingly important complement to studies tracking the cost and performance of solar plants. This presentation focuses on the historical contribution to reliability, trends in market value, and impacts on the bulk power system of solar deployed in the U.S. through the end of 2019 with preliminary data for 2020. Specifically we will cover growth in solar generation and associated market penetration as well as solar’s contributions to resource adequacy based on various calculation methods. We will present solar’s energy and capacity value, market value decline with growing solar penetration, and overall competitiveness relative to solar’s PPA prices and LCOE estimates. Finally we will highlight the implications of solar growth for wholesale price patterns, ancillary service requirements, changes to net-load ramps, and overall demand for increased flexibility.The scope of this analysis includes the seven organized U.S. wholesale power markets and is based on historical hourly solar generation profiles for each individual plant larger than 1 MW or county-level aggregate profiles for smaller solar. In addition, we present a limited set of results for ten utilities that are outside of the independent system operator (ISO)/regional transmission organization (RTO) markets. More information (a technical report, briefings, underlying data, and interactive visualizations) can be found at https://emp.lbl.gov/renewable-grid-insights.
About the Speakers: Andrew D. Mills is a Research Scientist in the Electricity Markets and Policy Group at Lawrence Berkeley National Laboratory. Andrew conducts research on the integration of variable generation into the electric power system, evaluating the costs, benefits, and institutional needs of renewable energy transmission and other supporting infrastructure. Andrew has published his research in IEEE Transactions on Sustainable Energy, IEEE Journal of Photovoltaics, Wind Energy, and Energy Policy among other journals. He was a contributing author to the IPCC Contribution of Working Group III to the Fifth Assessment Report and Special Report on Renewable Energy Sources and Climate Change Mitigation. Previously, Andrew worked with All Cell Technologies, a battery technology start-up company. Andrew has a Ph.D. and M.S. in Energy and Resources from UC Berkeley and a B.S. in Mechanical Engineering from the Illinois Institute of Technology.
Joachim (Jo) Seel is a Senior Scientific Engineering Associate at the Electricity Markets and Policy Department at the Lawrence Berkeley National Laboratory. His research focuses on solar and wind market developments, the integration of high shares of intermittent and distributed renewable generation into the electricity grid, and associated effects on electricity markets. His past work experience includes stations at the European Parliament, the American Wind Energy Association, the Commission for Renewable Energy Development at the Chinese Energy Ministry and the German Federal Ministry for Energy and the Economy. He has consulted private and public sector clients on energy economics, renewable energy technologies and energy policy. Jo holds a PhD and MS of Energy and Resources and a Master in Public Policy from UC Berkeley.
Moderator: Charlie Smith, ESIG Executive Director
Registration Cost: FREE
Q&A Session: We will be using the slido platform for Q&A. Please submit your questions and follow-along during the event at this link.