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Author: Source: Datetime: 2018-03-01 12:38:29
Power outages caused by extreme weather events often remind people that buildings are vulnerable to grid disruptions. However, what if building owners avoid the value of a grid outage when deciding whether to invest in uninterruptible power projects after a natural disaster?

A new study by the National Renewable Energy Laboratory (NREL) found that working with Clean Energy Group, a Vermont-based non-profit organization, found that "grid outage costing can change the breakeven point for photovoltaic power generation and storage System investment. "
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In a submission for a paper to be summarized, the authors write, "Although PV storage systems may not appear to be economically cost-effective in traditional calculations, the loss of a value from grid disruptions can make the fiscal stability of photovoltaic power generation and storage systems investment."

"In most cases," they add, "combining rebound values will increase the optimal size of photovoltaic and battery systems."

"It is clear that adding a value elasticity to the added value of a project, combined with solar power batteries and energy storage, can be added to the project," Seth Mullendore, vice president and project director for Clean Energy Group, told GTM in an interview. "This undoubtedly increases the financial viability of a project."
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