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HomeMy WebLinkAbout2024.08.01.04 BESS Pitch Sheet (Final)BATTERY ENERGY STORAGE SYSTEMS Enhancing Railbelt Capacity and Resilience Status: Railbelt Region: Southern (Kenai Peninsula) - Completed in 2022 Central (Anchorage)* - Completed in October 2024 Northern (Fairbanks)* - Completion estimated in 2027 *Potential option for GRIP funding PROJECT SUMMARY Benefits Opportunities ƒImproved oscillation damping ƒEnhanced disturbance response rate ƒIncreased transfer capability between regions ƒLess constrained economic dispatch The Railbelt is transmission constrained so we can only move 10 percent or less of our peak load between regions. Further, Railbelt utility engineers have observed several increasingly concerning trends on the Railbelt over the past decade. These challenges include degradation of frequency regulation, decreasing system frequency response to generation trip disturbances, increasing the magnitude and duration of natural frequency power oscillations, and occasional large power swings impacting the entire Railbelt. Based on studies performed by Railbelt utilities, three regional battery energy storage systems (BESS) units were proposed in each of the Southern, Northern, and Central regions. These units in the three regions would provide significant reliability and economic benefit to the Railbelt transmission system. Additionally, studies found that BESS would help stabilize non-dispatchable renewables’ output by smoothing energy fluctuations and controlling their release to the grid. (Continued on back) PROJECT OVERVIEW ƒReduced fuel burn ƒLower carbon emissions ƒGreater ability to integrate variable generation such as wind and solar power into the grid DRAFT August 1, 2024 813 W Northern Lights Blvd. Anchorage, AK 99503 www.akenergyauthority.org info@akenergyauthority.org T: (907) 771-3000 F: (907) 771-3000 A BESS can successfully fulfil the required energy response to a loss of generation in as quickly as less than one second, improving system frequency. Furthermore, the study showed that a BESS could participate in balancing generation and load, thereby improving frequency regulation. After careful analysis, it has been determined that a BESS and a high-voltage direct current line can significantly enhance system performance and reduce operational limitations in power systems. The proposed integrated BESS will bring benefits to the Railbelt grid. Homer Electric Association in the Southern region has installed a BESS. Chugach Electric Association and Matanuska Electric Association in the Central region are in the process of installing a BESS. Golden Valley Electric Association in Fairbanks is planning a BESS installation. The combined BESS system will be a valuable addition to the Railbelt grid’s power infrastructure. PROJECT OVERVIEW (CONT) BESS CAPACITY 47 MWhs Southern (Kenai Peninsula) 40 MWhs Central (Anchorage) 92 MWhs Northern (Fairbanks) FUNDING PLAN ($MILLIONS) LOCATION AEA BONDS (EXISTING) FUNDING SOURCE TBD Southern (Kenai Peninsula) BESS Unknown 33.00 Central (Anchorage) BESS** Unknown 45.00 Northern (Fairbanks) BESS**Unknown 33.00 Subtotals 28.00 111.00 Total 28.00 Total Project Cost: Estimate $168 million Secured Sources of Funding Match: $28 million AEA bonds (existing) *Based on Bradley Lake Hydroelectric Project percentage **Potential Sources of Funding: GRIP 3 Round 1 funding if available after HVDC line, Railbelt utilities, tax credits for BESS depending on timing Please note project costs are estimates and are subject to change. * * *