The Economics of Grid-Scale Energy Storage

The transition to a low-carbon electricity system is likely to require grid-scale energy storage to smooth the variability and intermittency of renewable energy. This paper investigates whether private incentives for operating and investing in grid-scale energy storage are optimal and the need for policies that complement investments in renewables with encouraging energy storage.

Resilient Decarbonization for the United States

The past decade has seen an unprecedented surge of climate change-driven extreme weather events that have wrought over $800 billion in damage and taken more than 5,200 lives across the United States — a trend that appears poised to intensify. At the same time, the need for a large-scale effort to decarbonize the U.S. electric power system has become clear, along with the growing climate risks and impacts that any such effort will face.

Grid Impacts of Highway Electric Vehicle Charging

Highway fast-charging (HFC) stations for electric vehicles (EVs) are necessary to address range anxiety concerns and thus to support economy-wide decarbonization goals through the electrification of transportation. The characteristics of HFC electricity demand – their relative inflexibility, high power requirements, and spatial concentration – have the potential to adversely impact grid operations as HFC infrastructure expands.

Learning from Supply Shocks in the Energy Market

In this paper, Bora Ozaltun carries out three studies of the local and global impacts of supply shocks in energy markets, including looking at the relationship between power plants, energy prices and local pollution, analyzing fossil fuel trade networks, and developing a general equilibrium model to isolate trade impacts of the shale revolution.

Energy Storage Investment and Operation in Efficient Electric Power Systems

Variable renewable energy (VRE) resources, mainly wind and solar, are becoming increasingly important sources of electricity in many regions. In a new CEEPR Working Paper, MIT’s Cristian Junge, Dharik Mallapragada, and Richard Schmalensee consider welfare-optimal investment in - and operation of - electric power systems.

In The News

Apr 12, 2021

CEEPR Research Referenced in Hydro-Québec CEO’s Vision for Climate Action

Canada’s leading newspaper highlights CEEPR research that informed Hydro-Québec’s strategic realignment under CEO Sophie Brochu.

Mar 11, 2021

Electric Cars Are Coming. How Long Until They Rule the Road?

An article in The New York Times explores how long fleet turnover may take to switch from gas-powered cars to electric vehicles and interviews CEEPR Director Christopher Knittel for his thoughts...

Mar 5, 2021

CEEPR Research Featured in Forbes

CEEPR's oil-battery price calculator used to evaluate prospects for EV uptake in Forbes Magazine. Read the full article here.

Feb 23, 2021

Q&A: Clare Balboni on environmental economics

In this Q&A with MIT SHASS Communications, Professor Clare Balboni describes the burgeoning influence of economics in understanding climate, energy, and environmental issues.

Feb 5, 2021

Registration Open for the 2021 MIT Energy Conference

Held from March 10-12, the 2021 MIT Energy Conference will feature high-profile keynote speakers and panels covering the fossil transition, trends in renewable energy development, and many more.

Feb 5, 2021

MIT CEEPR Again Ranked Among Top Energy Policy Think Tanks in the World

For the ninth consecutive year, MIT CEEPR has been ranked among the top ten energy policy think tanks in the world, according to the annual “Global Go To Think Tank Index Report."

Dec 16, 2020

An Alternative LACE Study on Solar PV

Renewable generating technologies in the electricity market are often evaluated using the Levelized cost of electricity (LCOE). Using a more holistic approach, this CEEPR Working Paper measures the...

Dec 14, 2020

The Roosevelt Project Releases Mapping Tool

The Roosevelt Project has created an interactive mapping tool that visualizes the data collected by the research group, down to an individual US county level. You may visit the page here.

Dec 14, 2020

Fall 2020 Newsletter Released

The next issue of the CEEPR Newsletter is now online. Read about research work and other collected news items from the past few months here.

Nov 9, 2020

Trade-offs in Climate Policy: Combining Low-Carbon Standards with Modest Carbon Pricing

Past research suggests that choosing between these policies involves trade-offs between the relative efficiency and progressivity of carbon pricing on the one hand and the political acceptability...

Oct 14, 2020

The Future of the Energy Workforce

Sade Nabahe is a CEEPR Research Assistant working with the Roosevelt Project. Sade shares her experiences interning in Senator Tina Smith’s (D-MN) office as an energy workforce policy fellow.

Oct 19, 2020

Going Beyond Default Intensities in an EU Carbon Border Adjustment Mechanism

As part of its Green Deal, the EU is currently preparing a Carbon Border Adjustment Mechanism (CBAM) that will extend carbon pricing to imports with a view to mitigating carbon leakage concerns....

Affiliations

MIT CEEPR is jointly sponsored by the MIT Sloan School of Management, the MIT Department of Economics, and the MIT Energy Initiative.

MIT is a 501(c)(3) institution and gifts or donations made to MIT CEEPR are tax-deductible within the limitations of US federal income tax laws.

Contact

MIT Center for Energy
and Environmental Policy Research

Massachusetts Institute of Technology

77 Massachusetts Avenue, E19-411

Cambridge, MA 01239-4307

Tel: 617-253-3551

Fax: 617-253-9845

Email: ceepr@mit.edu

Directions

Support CEEPR

Subscribe to our Newsletter