Technology management tools for assessing emerging technologies: The case of grid-scale storage

We apply business and technology management concepts to describe a new framework for valuation and adopting grid-scale emerging storage technologies. The main challenge of adopting emerging storage technologies among utilities is how to match the right energy storage technology to appropriate business-operation strategy for a site-specific grid configuration. With exclusive application in electricity storage market, our analysis approach integrates the technology road map, storage performance matrix, and storage valuation models into business opportunity assessment with additional features that enable fast screening of the emerging storage technologies. The results from this phenomenological study can form the basis of a unique management methodology that assesses alternative technology solutions. It can also provide unbiased information upon which reliable management decisions can be made for adopting new technologies.