| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w29133 |
| 来源ID | Working Paper 29133 |
| Soaking Up the Sun: Battery Investment, Renewable Energy, and Market Equilibrium | |
| R. Andrew Butters; Jackson Dorsey; Gautam Gowrisankaran | |
| 发表日期 | 2021-08-09 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | Renewable energy and battery storage are seen as complementary technologies that can together facilitate reductions in carbon emissions. We develop and estimate a dynamic competitive equilibrium model of storage investment and operations to evaluate the adoption trajectory of utility-scale storage under different counterfactual policy environments. Using data from California, we find that the first storage unit breaks even in 2027 when renewable energy share will reach 52%. Despite this, battery adoption is virtually non-existent until 2040 without a storage mandate or subsidy. Our model indicates this is because equilibrium effects reduce the marginal value of subsequent storage investments; expected future capital cost reductions incentivize delayed investment; and depreciation from cycling lowers the value of investment. We show that California’s 2024 storage mandate decreases future electricity generation costs by $511 million but also increases expected capital costs by $944 million by shifting adoption earlier, before projected capital cost declines are realized. |
| 主题 | Industrial Organization ; Industry Studies ; Environmental and Resource Economics ; Energy ; Environment |
| URL | https://www.nber.org/papers/w29133 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/586807 |
| 推荐引用方式 GB/T 7714 | R. Andrew Butters,Jackson Dorsey,Gautam Gowrisankaran. Soaking Up the Sun: Battery Investment, Renewable Energy, and Market Equilibrium. 2021. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w29133.pdf（1420KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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