With the rapid expansion of renewables and energy storage solutions, planning for energy generation and transmission has never been more complex. Making sound business decisions is no longer effective looking at generation or transmission as siloed studies. Organizations must analyze the impact a new facility will have on their entire portfolio. Battery storage is an especially interesting new technology as it also has the potential to impact transmission congestion, and ramping requirements at heat generation facilities, and many other impacts to the rest of a portfolio.
And accurately maximizing your returns requires a holistic and integrated view of the energy markets, including electricity, natural gas, water, transportation and heat. Planning new hybrid (renewable + storage) projects requires understanding how much energy can be absorbed into the existing electric grid, where they are need, how they should be configured and what the optimal sizing should be.
For example, generation models can help plan one aspect of a hybrid project. Those models that don't also consider transmission fail to show the value of a battery’s ability to decrease transmission congestion and increase the project’s effective load carrying capability (ELCC).
Only PLEXOS enables organizations to right-size hybrid resource investments by considering the entire energy market, including electricity, natural gas, transportation, and storage technologies.