Spring 2025
Project Managers:
Andrei Cojocariu, Clare Shay
Analysts:
Anna Levy, Evan Sims, Caspar Glanzer, Sophia Doyle, Owen Lawrence, Jason Wang, Sriniketh Velagapudi
Project Description:
The SP25 Energy Storage team began conducting research on the environmental and financial impacts of BESS. The focus was on how load shifting can save money while also reducing carbon emissions.
The team began creating a financial model to calculate the capital and operation expenditures of employing a BESS. The team created an estimate of the financial savings applicable per year and then scaled that to a 20 year lifetime. The savings were compared to the expenditures to estimate a payback period. The team also analyzed tax credits and tariffs that could create further savings.
For the environmental side, the team compared the carbon emissions during peak grid hours to that off the off peak hours. This information was applied to a load shifting model to calculate the amount of carbon emissions avoided with the BESS.
The conclusion was that there was a clear carbon emission reduction with the use of a BESS which would support Cornell’s goal of net zero by 2030.