This report describes the International Renewable Energy Agency (IRENA) electricity storage valuation framework and its detailed methodology for valuing electricity storage.
The report is organized into three separate parts:
Part 1 is intended for decision makers, regulators, and power grid operators to provide an overview of the electricity storage valuation process in power systems.
Part 2 of the report provides a detailed description of the ESVF methodology and is intended for power system experts and modellers who wish to adopt this approach for electricity storage valuation studies.
Part III presents eight real-world storage use cases, supported by examples of cost-effective deployment based on one primary use and often supported by additional revenue from other uses.
