Monetizing Energy Storage: A Toolkit to Assess Future Cost and Value

This is an open access title available under the terms of a CC BY-NC-ND 4.0 International licence. It is free to read at Oxford Academic and offered as a free PDF download from OUP and selected open access locations.

Energy storage is becoming the enabler of the low carbon energy transition, and is increasingly attracting the attention of business professionals, policymakers and academics. These stakeholders need to understand the wide range of storage technologies, the applications they can serve in, and the methods, data and tools to evaluate their current and future economic potential.

This book combines rigorous methods with rich datasets to provide objective and transparent evidence on the cost reduction potentials and the value of energy storage across low-carbon electricity systems and clean transportation. It enables readers to understand the key storage technologies, the services they can provide, and how they can be assessed for economic viability.


About the Author
Oliver Schmidt, Management consultant, Clean Energy Industry, Iain Staffell, Senior Lecturer in Sustainable Energy, Imperial College London

Oliver Schmidt works as management consultant in the clean energy industry. He has previous experience as project manager at the strategy consulting and financial transaction advisory firm Apricum, where he supported top management with strategic advice in the energy storage, solar PV and hydrogen industries. Oliver also worked as an energy analyst at the International Energy Agency and as a management consultant at E.ON. He has a PhD on the future cost and value of energy storage from Imperial College London. His background is in mechanical engineering and renewable energy, which he studied at Imperial and the Swiss Federal Institute of Technology (ETH).

Iain Staffell is a multi-disciplinary scientist holding degrees in Physics, Chemical Engineering and Economics. He is a Senior Lecturer in Sustainable Energy at Imperial College London, and previously worked at the University of Birmingham and Imperial College Business School. He has taught for ten years and authored 100 papers across energy economics, engineering, and energy systems modelling. He champions open-source science and is a developer of the Renewables.ninja, Demand.ninja, and EnergyStorage.ninja web platforms.