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Images of particles made from a promising battery cathode material called NMC

Reliability vs. Cost Tradeoffs in California Wind Energy Investments

TomKat Center for Sustainable Energy

Frank Wolak, economics; Burton Richter, SLAC

This project will quantify the added costs of serving California’s electricity demand with an increasing share of intermittent renewable generation, such as wind and solar energy. The analysis will account for the major drivers of these costs, such as backup generation resources, large energy storage systems, active demand-side participation and alternatives, such as transmission upgrades and changes in how the system is operated. The research will also assess managing intermittency under different wholesale power market rules and different mechanisms for financial support of renewables.