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The Electric Power Research Institute (EPRI) has announced Energy Storage Valuation, an analytical tool to help utilities, regulators and other stakeholders quantify the value and assess the cost-effectiveness of energy storage.

According to EPRI, companies developing and producing energy storage technologies also may use the software tool to better align their products and costs with the grid's needs.

The tool was recently demonstrated in an analysis of the value of energy storage in 30 scenarios identified by the California Public Utilities Commission (CPUC) staff and other stakeholders and included storage applications, technologies, product configurations, market conditions and grid locations. EPRI says these cases were defined and prioritized by the CPUC, tailored to its specific inputs.

A report detailing EPRI's energy-storage effort in California is available here.

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