For current energy storage technologies, the continuous strategy can significantly shorten the investment timing and enable investors to adopt the storage technology as early as possible; therefore, when new technologies are unavailable, the continuous investment strategy is the best choice.
Therefore, increasing the technology innovation level, as indicated by unit benefit coefficient, can promote energy storage technology investment. On the other hand, reducing the unit investment cost can mainly increase the investment opportunity value.
First, the investment threshold for the first energy storage technology under the single strategy is 0.0757 USD/kWh, which is higher than the technology investment threshold of 0.0656 USD/kWh for the first energy storage under the continuous strategy.
The DOE is asking for comment from stakeholders to inform its energy storage SRM through a formal Notice of Availability (NOA). The DOE released its draft Energy Storage Strategy and Roadmap (SRM), providing direction and opportunities for energy storage investments.
Additionally, the investment threshold is significantly lower under the single strategy than it is under the continuous strategy. Therefore, direct investment in future energy storage technologies is the best choice when new technologies are already available.
A firm choosing to invest in energy storage technology is equivalent to executing the value of the investment option . In this study, the investment opportunity value of an energy storage technology is denoted by F (P), that is, the maximum expected net present value when a firm invests in an energy storage technology.
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