BEGIN:VCALENDAR VERSION:2.0 PRODID:IEEE vTools.Events//EN CALSCALE:GREGORIAN BEGIN:VTIMEZONE TZID:America/Los_Angeles BEGIN:DAYLIGHT DTSTART:20250309T030000 TZOFFSETFROM:-0800 TZOFFSETTO:-0700 RRULE:FREQ=YEARLY;BYDAY=2SU;BYMONTH=3 TZNAME:PDT END:DAYLIGHT BEGIN:STANDARD DTSTART:20241103T010000 TZOFFSETFROM:-0700 TZOFFSETTO:-0800 RRULE:FREQ=YEARLY;BYDAY=1SU;BYMONTH=11 TZNAME:PST END:STANDARD END:VTIMEZONE BEGIN:VEVENT DTSTAMP:20250112T002023Z UID:9475273B-BB9D-4AF1-B487-6F0D79F5F957 DTSTART;TZID=America/Los_Angeles:20250108T160000 DTEND;TZID=America/Los_Angeles:20250108T191200 DESCRIPTION:Abstract: Storage has been poised as a resource that would brin g forth a large stream of benefits to system operations\, including booste d economic efficiency\, the ability to provide ancillary services\, and in general promote the integration of variable renewable energy sources. Bei ng energy limited resources\, storage operation relies on charging when th e system is lightly loaded or stressed (e.g.\, net demand valleys)\, and d ischarging when the system is heavily loaded or stressed (e.g.\, during pe ak demand periods). Such strategy reduces the magnitude of the net demand peak that must be matched by conventional generation. Consequently\, the n umber of conventional resources during those periods is lower\, and this e ffectively reduces redundancy from the supply side\, and the likelihood an d magnitude of outages resulting in power balance violations increase. Thi s presentation shows\, via numerical results\, how storage can increase op erating risk and how revisiting reserve requirements could mitigate risk.\ n\nCo-sponsored by: University of Washington - Seattle\n\nSpeaker(s): \, M iguel\n\nSeattle\, Washington\, United States LOCATION:Seattle\, Washington\, United States ORGANIZER:memrick@ieee.org SEQUENCE:8 SUMMARY:Energy Storage: Boosting System Performance and Cutting Costs — B ut What About Operating Risk? URL;VALUE=URI:https://events.vtools.ieee.org/m/461202 X-ALT-DESC:Description: <br /><p><span style="font-size: 11.0pt\; line-heig ht: 115%\; font-family: 'Calibri'\,'sans-serif'\; mso-ascii-theme-font: ma jor-latin\; mso-fareast-font-family: Arial\; mso-hansi-theme-font: major-l atin\; mso-bidi-theme-font: major-latin\; color: #222222\; background: whi te\; mso-ansi-language: EN\; mso-fareast-language: ZH-CN\; mso-bidi-langua ge: AR-SA\;"><span style="mso-spacerun: yes\;">Abstract: </span><span lang ="EN">Storage has been poised as a resource that would bring forth a large stream of benefits to system operations\, including boosted economic effi ciency\, the ability to provide ancillary services\, and in general promot e the integration of variable renewable energy sources. Being energy limit ed resources\, storage operation relies on charging when the system is lig htly loaded or stressed (e.g.\, net demand valleys)\, and discharging when the system is heavily loaded or stressed (e.g.\, during peak demand perio ds). Such strategy reduces the magnitude of the net demand peak that must be matched by conventional generation. Consequently\, the number of conven tional resources during those periods is lower\, and this effectively redu ces redundancy from the supply side\, and the likelihood and magnitude of outages resulting in power balance violations increase. This presentation shows\, via numerical results\, how storage can increase operating risk an d how revisiting reserve requirements could mitigate risk.</span></span></ p> END:VEVENT END:VCALENDAR