2022 Budget Sensitivities and Financial Projections
Reliable, Long-Duration Storage is Critical in Peak Demand Periods
KINDER MORGAN
DAILY AVERAGE OF WEEK-OVER-WEEK
CHANGES IN U.S. WORKING GAS bcfd
■send-out ■build
20
-20
0
-40
2014 polar vortex
~41 bcfd
Uri
-60
2018 polar
~48 bcfd
vortex ~51
bcfd
-80
Jan-2010
Jan-2011
Jan-2012
Jan-2013
Jan-2014
Jan-2015
Jan-2016
Jan-2017
Jan-2018
Jan-2019
Jan-2020
Jan-2021
Peak weather events have historically required
40-50 bcfd of natural gas storage send-out
DAILY POWER EQUIVALENT TWh per day
6
2050 U.S. SDS forecasts only
~1 TWh of daily battery
capacity, which would then
have to be recharged the
following day - assuming
weather conditions permit
1
50 bcfd natural gas
storage send-out
U.S. 2050 battery
capacity under SDS
Left: EIA Weekly Underground Natural Gas Storage Report. KM analysis.
Right: Based on IEA data from the IEA (2021) World Energy Outlook, World Energy Outlook 2021 - Analysis - IEA. All rights reserved; as modified by Kinder Morgan. SDS scenario.
Note: Battery equivalent based on natural gas energy converted terawatt hours (TWh) at 0.29 TWh per day per 1 bcfd; then, energy storage converted into power equivalent using assumed 42% efficiency rate of a natural gas peaker
plant. Battery storage capacity assumes 4-hour duration by multiplying capacity by 4. IEA utility-scale battery storage assumptions range from one to eight hours.
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