Storage Capacity definition

Storage Capacity means any combination of space, injectability and deliverability.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Storage Capacity means the maximum amount of energy that is capable of being stored in a storage device, and shall include, without limitation, any other products that may be developed or evolve from time to time during the Term that relate to the capability of a storage resource to store energy.

Storage Capacity means the entire Storage Available Capacity of the Storage Facility. “Storage Capacity Demonstration Test” means a test of the Storage Facility to demonstrate the maximum Storage Available Capacity based on Energy output, as measured at the Electric Interconnection Point, conducted in accordance with Accepted Industry Practices and the terms and conditions of this Agreement, including Section 3.12 and the procedures set forth in Schedule 3.12.

Examples of Storage Capacity in a sentence

• Seasonal Storage Capacity means Storage Capacity (with specified technical parameters, Storage Period and Delivery Points) that entitles the Customer to inject Gas into the Storage Facility up to the maximum Injection Rate agreed in the Gas Storage Agreement only during the Injection Period and to withdraw Gas from the Storage Facility up to the maximum Withdrawal Rate agreed in the Gas Storage Agreement only during the Withdrawal Period.

• The Customer shall be entitled to transfer (part or all) of its Storage Capacity rights set out in the Gas Storage Agreement, in whole or in part, to another Customer/third party (the Customer transferring its rights being the transferor and the Customer/third party acquiring the rights being the transferee), in accordance with conditions published on the Website.

• Inverse storage is a service by which the Customer is allocated Storage Capacity together with Gas and the Customer is obliged to return the same amount of Gas by the end of the Storage Period, unless agreed otherwise.

• Flexible Storage Capacity means Storage Capacity (with specified technical parameters, Storage Period and Delivery Points) that entitles the Customer to inject Gas into the Storage Facility and withdraw Gas from the Storage Facility during the Storage Period at the Customer’s discretion up to the maximum Injection Rate and the maximum Withdrawal Rate agreed in the Gas Storage Agreement.

• The SSO shall be entitled to restrict the firm Storage Capacities booked by the Customer to the extent necessary to take measures pursuant to the first sentence of this point 1 in relation to Planned Outages or Unplanned Outages, and the SSO shall insofar be released from its contractual obligations to provide the Storage Capacity.

More Definitions of Storage Capacity

Storage Capacity means Storage Space, Storage Withdrawal Capacity, and/or Storage Injection Capacity;

Storage Capacity means storage capacity as defined in point 28 of Article 2 of Regulation (EC) No 715/2009;

Storage Capacity means the maximum dependable operating capability of the Storage Facility to discharge electric energy, and any other products that may be developed or evolve from time to time during the Term that the Storage Facility is able to provide as the Facility is configured on the Commercial Operation Date and that relate to the maximum dependable operating capability of the Storage Facility to discharge electric energy.

Storage Capacity means the aggregate capacity of all aboveground storage tanks at a tank facility.

Storage Capacity means Storage Injectability, Storage Space and Storage Deliverability, or any of them, as the context may require;

Storage Capacity means the Contract Capacity multiplied by the Duration Capability. “Storage Disincentive Lost Net Revenue” has the meaning given to it in Section 1.6(c)(ii). “Storage Market Rule Disincentive” has the meaning given to it in Section 1.6(c)(ii).

Storage Capacity means the measurement (expressed in cubic measure) equivalent to the total storage capacity up to the level at which water is ordinarily retained therein.