September 21, 2022
Avista’s Shared Energy Economy Model Pilot – A Techno-economic Assessment
AbstractAs part of the second round of the Washington Clean Energy Fund, Avista Corp received a $3.5 million matching grant in support of a shared energy economy project to test the integration of energy assets–from rooftop solar and battery storage to building energy management systems–that can be shared and used for multiple purposes. The goal of this project is to demonstrate how both the customer and the utility can benefit from this shared energy economy model and demonstrate that the electric grid can become more reliable, efficient, resilient, and flexible. Pacific Northwest National Laboratory was engaged by the U.S. Department of Energy and the Washington State Department of Commerce to work with Avista in assessing the benefits of the shared energy economy model. This report documents the techno-economic assessment of the shared energy economy model, including the definition of use cases and applications, collection and preparation of data and input parameters, development of modeling and optimization methods, and case studies and analysis results.
Published: September 21, 2022