The consortium said once its methodology is approved by third-party Verra through its voluntary Verified Carbon Standard Program, the standard would be the first verified methodology for quantifying large-scale energy storage assets.
“At Meta, we are committed to accelerating the transition to the zero-carbon electricity grid of the future, and large-scale energy storage is a critical part of that transition,” said Peter Freed, director of energy strategy at Facebook’s parent company, Meta. “Having achieved 100 percent renewable energy for our global operations, we now want to help advance the energy storage industry by addressing next-level challenges and pioneering pathways that will help reduce emissions with significant impacts on the grid to reduce. We are excited to create this consortium in partnership with these industry-leading organizations who will bring diverse perspectives and experiences to the development of a robust, transparent methodology.”
“We need to decarbonize the grid as quickly as possible, and to do that we need to maximize the emissions impact of all grid-connected technologies—whether generation, load, hybrid, or standalone storage,” said Adam Reeve, SVP of Software Solutions at RESafety. “Enabling this type of decarbonization activity is the exact reason we invested in developing high-resolution site-based frontier emissions. Energy storage is a technology with tremendous potential and we are excited to be working with industry leaders in this forward-thinking and collaborative effort to develop a global standard for the benefits of energy storage.”
“Battery storage will play an increasingly important role in providing reliable and affordable energy for homes and businesses as we move toward a 100 percent renewable energy grid. As the leading battery storage platform for utilities in the United States, we look forward to working with other industry leaders to quantify the important greenhouse gas reduction benefits of large-scale energy storage facilities and to help organizations take climate action,” said Paul Choi, EVP of Origination at Broad Reach Power.
To calculate the GHG benefits of large-scale energy storage facilities, the consortium will use site-boundary emissions, which measure the tons of GHG emissions shifted by charging and discharging energy storage facilities on the grid at a given location and time.
The consortium includes a number of advisory board members including 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.
The Energy Storage Solutions Consortium is also collaborating with Perspectives Climate Group, the German consultancy specializing in helping clients achieve net-zero greenhouse gas emissions and practical solutions for accounting for emission reductions through innovative climate-friendly technologies to develop.