We are delighted to be part of the newly formed Energy Storage Solutions Consortium, a group of leading organisations globally who have come together to assess and maximize the greenhouse gas (GHG) reduction potential of electricity storage technologies.
The goal is to create an open-source, third-party verified methodology to quantify the GHG benefits of grid-connected energy storage, and to develop a tool for organizations to create credible progress toward their net zero emissions goals.
Once approved by the third-party Verra through the Verified Carbon Standard Program, the standard would be the first verified methodology to quantify the emissions benefits of large-scale energy storage facilities and would provide valuable guidance such as when to deploy stored energy to deliver maximum emissions reduction benefits.
To calculate the GHG benefits of large-scale energy storage facilities, the consortium will leverage locational marginal emissions. This concept measures the tons of GHG emissions displaced through the charging and discharging of energy storage facilities on the grid at a specific location and point in time.
The consortium brings together leading technology companies, emissions data providers, investors, storage developers and service providers, and non-governmental organizations, with a shared ambition to decarbonize the grid as quickly as possible.
3Degrees Group, Inc., Akamai Technologies, Clearloop, Equilibrium Energy, Fluence, General Motors, GlidePath Power Solutions, Habitat Energy, Hannon Armstrong, Jupiter Power, Longroad Energy, Marathon Capital, Microsoft, Primergy Solar, Quinbrook Infrastructure Partners, RES Group, Rivian, Rowan Digital Infrastructure, Stem, Tabors Caramanis Rudkevich, TimberRock, UBS Asset Management, and WattTime.