Navigant Research Report Shows a New Generation of Projects Combining Energy Storage with Fossil Fuel Generators Is Shifting the Traditional Paradigm

Market conditions and policies are driving acquisitions and new
hybrid projects from incumbent generator providers, and new products and
services are emerging

BOULDER, Colo.–(BUSINESS WIRE)–#FossilFuel–A new report from Navigant
Research analyzes the advantages of energy storage with fossil fuel
(ESFF) solutions to maximize the efficiency, value, and useful life of
fossil fuel power plants.

The development of energy storage has been tightly associated with the
integration of renewable energy. However, energy storage is one of the
most versatile technologies on the grid. Click
to tweet: According to a new report from @NavigantRSRCH,
a new generation of projects combining energy storage with fossil fuel
(ESFF) generators is shifting the paradigm of how energy storage is
utilized.

ÔÇ£At a time when market conditions are forcing power plants into
premature retirement, energy storage can increase revenue and lower the
costs to operate power plants,ÔÇØ says Alex Eller, senior research analyst
with Navigant Research. ÔÇ£In the same way a hybrid car utilizes battery
storage to improve efficiency and reduce fuel consumption, an energy
storage system integrated with a conventional power plant can result in
significant fuel savings while improving the gridÔÇÖs overall resiliency.ÔÇØ

According to the report, market conditions and policies are driving
acquisitions and new hybrid projects from incumbent generator providers.
The pairing of storage with generators is also opening opportunities for
new products and services both from companies serving large-scale
utility markets and those focusing on distributed generation
technologies for commercial and industrial customers.

The report, Optimizing
Fossil Fuel Generation with Energy Storage, explores the
advantages of ESFF solutions to maximize the efficiency, value, and
useful life of fossil fuel power plants. The study examines the various
strategies that market players are using to capitalize on this emerging
trend and provides background on the development of ESFF solutions. It
also details some of the key opportunities presented by the growth of
ESFF solutions and projects and provides recommendations for utilities,
vendors, and project developers. An Executive Summary of the report is
available for free download on the Navigant
Research website.

About Navigant Research

Navigant Research, the dedicated research arm of Navigant, provides
market research and benchmarking services for rapidly changing and often
highly regulated industries. In the energy sector, Navigant Research
focuses on in-depth analysis and reporting about global clean technology
markets. The teamÔÇÖs research methodology combines supply-side industry
analysis, end-user primary research and demand assessment, and deep
examination of technology trends to provide a comprehensive view of the
Energy Technologies, Utility Transformations, Transportation
Efficiencies, and Buildings Innovations sectors. Additional information
about Navigant Research can be found at www.navigantresearch.com.

About Navigant

Navigant Consulting, Inc. is a specialized, global professional services
firm that helps clients take control of their future. NavigantÔÇÖs
professionals apply deep industry knowledge, substantive technical
expertise, and an enterprising approach to help clients build, manage
and/or protect their business interests. With a focus on markets and
clients facing transformational change and significant regulatory or
legal pressures, the Firm primarily serves clients in the healthcare,
energy and financial services industries. Across a range of advisory,
consulting, outsourcing, and technology/analytics services, NavigantÔÇÖs
practitioners bring sharp insight that pinpoints opportunities and
delivers powerful results. More information about Navigant can be found
at navigant.com.

* The information contained in this press release concerning the
report, Optimizing Fossil Fuel Generation with Energy Storage, is
a summary and reflects Navigant ResearchÔÇÖs current expectations based on
market data and trend analysis. Market predictions and expectations are
inherently uncertain and actual results may differ materially from those
contained in this press release or the report. Please refer to the full
report for a complete understanding of the assumptions underlying the
reportÔÇÖs conclusions and the methodologies used to create the report.
Neither Navigant Research nor Navigant undertakes any obligation to
update any of the information contained in this press release or the
report.

Contacts

Navigant Research
Stefanie Bradtner, +49-221-270-70-142
[email protected]