Assessing the Benefits of Energy Storage for Ireland and Northern Ireland’s decarbonisation goals

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Free
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Date: Monday the 24th of January 2022
Time: 3:00 PM – 4:30 PM
Venue: Online

Course Overview

This course will provide a quantitative assessment of the wider benefits from energy storage by 2030 in the context of RES-E & emissions targets, security of supply, curtailment and installed renewable capacities.

The assessment will look at different portfolios and durations of energy storage and quantify the benefits as follows:

Production cost savings
Carbon emission reductions;
Renewable curtailment avoided;
Security of Supply benefits
Transmission system benefits – i.e., reduction in constraints (this analysis will use the Donegal region as a specific example of how energy storage can reduce transmission constraints)
The course will also provide some commentary on current market frameworks and potential policy changes that could be introduced to facilitate increased development of energy storage.

Course Objectives

Participants will gain an understanding of energy storage use cases and wider system benefits by 2030 including how energy storage can deliver emissions reductions, production cost savings and reduce renewable dispatch down levels.

Who should attend

Those interested and involved in energy policy, renewable energy and energy storage as well as policymakers in Government departments, the Regulatory Authorities and System Operators.

About the trainer

Baringa Partners is an independent business and technology consultancy. We help businesses run more effectively, navigate industry shifts and reach new markets. We use our industry insights, ideas, and pragmatism to help each client improve their business. Collaboration is central to our strategy and culture, ensuring we attract the brightest and the best. And its why clients love working with us.

Our Energy Advisory practice offers a full spectrum of specialist advisory and analytical services, and transaction execution support. We bring together an unparalleled knowledge of the European energy sector and a quantitative approach built on evidence-based insight and powerful analytics. Our work is informed by knowledge of markets, regulation, assets, operations and capital, and in-depth insight into their interdependencies and the impact of their interactions. We provide our clients with a unique combination of flexibility, pragmatism and intellectual rigour.

Baringa Partners have been voted as the leading management consulting firm in the Financial Times’ UK Leading Management Consultants 2021 in the categories Energy, Utilities & the Environment, and Oil & Gas. We have been in the Top 10 for the last 14 years in the small, medium, as well as large category in the UK Best Workplaces™ list by Great Place to Work®. We are a Top 50 for Women employer, and are recognised by Best Employers for Race.

Mark Turner will provide the majority of the course content. Mark is a Director in Baringa’s Energy and Resources team, and a power market advisor with over twelve years’ experience in the industry. He is a leading expert in the Irish, UK, Nordic, and Benelux markets, and has worked in regulation and policy, market modelling and analysis, commercial due diligence and asset valuation – with clients including most of the major utilities active in Ireland and the UK, lenders, equity investors, major energy users, governments and regulators. Mark is a regular keynote speaker in conferences and panels.

Mark has advised multiple clients on commercial and market design issues relating to Irish Single Electricity Market (SEM), and its re-design. He led Baringa’s landmark ‘70 by 30’, ‘Wind for a Euro’ and ‘Store, Respond and Save’ studies examining the benefits and costs of increased deployment of renewables and zero carbon system services in SEM. The former was pivotal in setting the Irish government’s binding target of sourcing 70% of power from renewable sources by 2030. Mark led Baringa’s advisory work on the RESS-1 auction, which was relied upon by around 40% of successful bidders and has led more than ten auction advisory engagements with bidders into SEM capacity auctions since the go-live of the new market arrangements. He has advised on virtually every major wind farm in Ireland over the past ten years, and many of the major offshore wind projects across North West Europe – either as lenders’ market advisor, or to equity investors, and has a deep understanding of bankable routes to market. He is advising the Irish government on its corporate power purchase agreement policy design.