Nuvve公司最有意思的一个商业模式是,将目光锁定于有利可图的调频市场,这与许多电力公司相似。电力调频是辅助服务的一种,很多储能技术都关注这一市场。
Nuvve公司在丹麦的调频市场取得了相当大的成功。考虑到丹麦的国土面积小,以及丹麦电网的现有资源,丹麦电网电网运营商Energinet非常热衷于追求新的电网技术。由于丹麦的风电占装机容量非常大,达到了19%,丹麦电网对调频的需求不断上身,并且也因此导致其不断寻求新的技术和服务用以辅助可再生能源并网。Nuvve公司的V2G技术,由Delaware大学研发,是一个具有成本竞争力的选择。 I recently got the chance to speak with the vehicle-to-grid technology (V2G) firm Nuvve, which is currently working on a pilot project in Denmark demonstrating V2G. Pike Research has previously covered Nuvve's projects in Denmark from a purely technological perspective. What is most interesting about Nuvve's business model is that it, like many other grid services firms, are targeting the lucrative market for frequency regulation. This small slice of the ancillary services is also being targeted by innovative energy storage technologies.
I recently got the chance to speak with the vehicle-to-grid technology (V2G) firm Nuvve, which is currently working on a pilot project in Denmark demonstrating V2G. Pike Research has previously covered Nuvve's projects in Denmark from a purely technological perspective. What is most interesting about Nuvve's business model is that it, like many other grid services firms, are targeting the lucrative market for frequency regulation. This small slice of the ancillary services is also being targeted by innovative energy storage technologies.
The characteristics of the frequency regulation market make it an ideal application for innovative, new storage technologies, either as stationary installations or in electric vehicles. Balancing the grid's frequency, which is constantly fluctuating, requires quick responses of either input of power or a removal of power from the grid. These events generally do not last for long, usually only minutes at any given timeframe. For batteries, where degradation is a significant concern, shorter duration applications are ideal because of the potential costs of shortening their lifespan. In electric vehicles this is especially a concern for both auto OEMs and consumers alike.
In terms of resource compensation, many deregulated markets are implementing market structures that will compensate resources for their service capacity in the frequency regulation market. Fortunately for these technology and service providers, frequency regulation is one of the most expensive ancillary services on a per megawatt basis. In some deregulated markets, like PJM or the New York Independent System Operator (NYISO) territory, the value of frequency regulation can average between $30-$45/MW per hour. In many ways, the frequency regulation market represents a low-risk, high-value arena for new grid technologies.
Nuvve has found considerable success in its ability to access the Danish regulation market. The grid operator in Denmark, Energinet, is also aggressive in its pursuit of new grid technologies given the country's small size and grid resources. With a remarkable 19% of electricity production attributable to wind resources, Denmark's need for frequency regulation is rising and as a result they are looking to innovative technologies and services to aid renewables integration. Nuvve's V2G technology - a technology spun out of the University of Delaware - is a cost-competitive option.
Many operators in deregulated markets still need to address rules that will make the frequency market accessible by storage technologies and develop the means to compensate them in a manner commensurate with traditional generation resources. This is particularly true in the United States. Pike Research's coverage of the ancillary services market is broken out to give ample attention to new emerging technologies and business models in equal measure. More specifics on the market as a whole can be found in upcoming reports on both energy storage for ancillary services and vehicle-to-grid technologies, and in previous Pike Research commentary.
Brittany Gibson is a research associate with Pike Research