IDEAS home Printed from https://ideas.repec.org/a/gam/jeners/v13y2020i7p1617-d340228.html
   My bibliography  Save this article

An Exploratory Agent-Based Modeling Analysis Approach to Test Business Models for Electricity Storage

Author

Listed:
  • Seyed Ahmad Reza Mir Mohammadi Kooshknow

    (Energy and Sustainability Research Institute Groningen, University of Groningen, 9747 AG Groningen, The Netherlands)

  • Rob den Exter

    (Stored Energy, 3125 BN Schiedam, The Netherlands)

  • Franco Ruzzenenti

    (Energy and Sustainability Research Institute Groningen, University of Groningen, 9747 AG Groningen, The Netherlands)

Abstract

Electricity storage systems (ESSs) are potential solutions to facilitate renewable energy transition. Lack of viable business models, as well as high levels of uncertainty in technology, economic, and institutional factors, form main barriers for wide implementation of ESSs worldwide and in the Netherlands. Therefore, the design of business models for an ESS is necessary for the development of ESSs. We elaborated on this problem before, and developed a design space for business models of ESSs in the context of the Netherlands. This conceptual paper provides a further view on barriers and uncertainties of ESS development in the Netherlands through the involvement of a business practitioner, elaboration of goals, objectives, and testing of ESS business model designs, suggests and provides a theoretical foundation for combining agent-based modeling and exploratory modeling analysis as a method to test and explore ESS business models, and provides an abstract conceptual agent-based model design thereof. This work can be used as a foundation of detailed design and implementation of models for testing ESS business models in the Netherlands and worldwide.

Suggested Citation

  • Seyed Ahmad Reza Mir Mohammadi Kooshknow & Rob den Exter & Franco Ruzzenenti, 2020. "An Exploratory Agent-Based Modeling Analysis Approach to Test Business Models for Electricity Storage," Energies, MDPI, vol. 13(7), pages 1-14, April.
    • Handle: RePEc:gam:jeners:v:13:y:2020:i:7:p:1617-:d:340228
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/1996-1073/13/7/1617/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/1996-1073/13/7/1617/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Anuta, Oghenetejiri Harold & Taylor, Phil & Jones, Darren & McEntee, Tony & Wade, Neal, 2014. "An international review of the implications of regulatory and electricity market structures on the emergence of grid scale electricity storage," Renewable and Sustainable Energy Reviews, Elsevier, vol. 38(C), pages 489-508.
    2. Warren E. Walker & Marjolijn Haasnoot & Jan H. Kwakkel, 2013. "Adapt or Perish: A Review of Planning Approaches for Adaptation under Deep Uncertainty," Sustainability, MDPI, vol. 5(3), pages 1-25, March.
    3. Gallo, A.B. & Simões-Moreira, J.R. & Costa, H.K.M. & Santos, M.M. & Moutinho dos Santos, E., 2016. "Energy storage in the energy transition context: A technology review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 65(C), pages 800-822.
    4. Aneke, Mathew & Wang, Meihong, 2016. "Energy storage technologies and real life applications – A state of the art review," Applied Energy, Elsevier, vol. 179(C), pages 350-377.
    5. Steve Bankes, 1993. "Exploratory Modeling for Policy Analysis," Operations Research, INFORMS, vol. 41(3), pages 435-449, June.
    6. Kwakkel, Jan H. & Pruyt, Erik, 2013. "Exploratory Modeling and Analysis, an approach for model-based foresight under deep uncertainty," Technological Forecasting and Social Change, Elsevier, vol. 80(3), pages 419-431.
    7. Schroeder, Andreas & Traber, Thure, 2012. "The economics of fast charging infrastructure for electric vehicles," Energy Policy, Elsevier, vol. 43(C), pages 136-144.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Binod Prasad Koirala & Ellen C. J. van Oost & Esther C. van der Waal & Henny J. van der Windt, 2021. "New Pathways for Community Energy and Storage," Energies, MDPI, vol. 14(2), pages 1-8, January.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Luciano Raso & Jan Kwakkel & Jos Timmermans, 2019. "Assessing the Capacity of Adaptive Policy Pathways to Adapt on Time by Mapping Trigger Values to Their Outcomes," Sustainability, MDPI, vol. 11(6), pages 1-16, March.
    2. Malekpour, Shirin & de Haan, Fjalar J. & Brown, Rebekah R., 2016. "A methodology to enable exploratory thinking in strategic planning," Technological Forecasting and Social Change, Elsevier, vol. 105(C), pages 192-202.
    3. Tim Gruchmann & Ani Melkonyan & Klaus Krumme, 2018. "Logistics Business Transformation for Sustainability: Assessing the Role of the Lead Sustainability Service Provider (6PL)," Logistics, MDPI, vol. 2(4), pages 1-19, October.
    4. Moallemi, Enayat A. & de Haan, Fjalar & Kwakkel, Jan & Aye, Lu, 2017. "Narrative-informed exploratory analysis of energy transition pathways: A case study of India's electricity sector," Energy Policy, Elsevier, vol. 110(C), pages 271-287.
    5. Guelpa, Elisa & Bischi, Aldo & Verda, Vittorio & Chertkov, Michael & Lund, Henrik, 2019. "Towards future infrastructures for sustainable multi-energy systems: A review," Energy, Elsevier, vol. 184(C), pages 2-21.
    6. Dumont, O. & Lemort, V., 2020. "Mapping of performance of pumped thermal energy storage (Carnot battery) using waste heat recovery," Energy, Elsevier, vol. 211(C).
    7. Bethany Robinson & Jonathan D. Herman, 2019. "A framework for testing dynamic classification of vulnerable scenarios in ensemble water supply projections," Climatic Change, Springer, vol. 152(3), pages 431-448, March.
    8. Auping, Willem L. & Pruyt, Erik & de Jong, Sijbren & Kwakkel, Jan H., 2016. "The geopolitical impact of the shale revolution: Exploring consequences on energy prices and rentier states," Energy Policy, Elsevier, vol. 98(C), pages 390-399.
    9. Georgios Tsaples & Jason Papathanasiou & Andreas C. Georgiou, 2022. "An Exploratory DEA and Machine Learning Framework for the Evaluation and Analysis of Sustainability Composite Indicators in the EU," Mathematics, MDPI, vol. 10(13), pages 1-27, June.
    10. Hidayatno, Akhmad & Jafino, Bramka Arga & Setiawan, Andri D. & Purwanto, Widodo Wahyu, 2020. "When and why does transition fail? A model-based identification of adoption barriers and policy vulnerabilities for transition to natural gas vehicles," Energy Policy, Elsevier, vol. 138(C).
    11. Rouindej, Kamyar & Samadani, Ehsan & Fraser, Roydon A., 2020. "A comprehensive data-driven study of electrical power grid and its implications for the design, performance, and operational requirements of adiabatic compressed air energy storage systems," Applied Energy, Elsevier, vol. 257(C).
    12. Kebede, Abraham Alem & Kalogiannis, Theodoros & Van Mierlo, Joeri & Berecibar, Maitane, 2022. "A comprehensive review of stationary energy storage devices for large scale renewable energy sources grid integration," Renewable and Sustainable Energy Reviews, Elsevier, vol. 159(C).
    13. B. Gersonius & J. Rijke & R. Ashley & P. Bloemen & E. Kelder & C. Zevenbergen, 2016. "Adaptive Delta Management for flood risk and resilience in Dordrecht, The Netherlands," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 82(2), pages 201-216, June.
    14. Bargiacchi, Eleonora & Antonelli, Marco & Desideri, Umberto, 2019. "A comparative assessment of Power-to-Fuel production pathways," Energy, Elsevier, vol. 183(C), pages 1253-1265.
    15. Eker, Sibel & van Daalen, Els, 2015. "A model-based analysis of biomethane production in the Netherlands and the effectiveness of the subsidization policy under uncertainty," Energy Policy, Elsevier, vol. 82(C), pages 178-196.
    16. Kourkoumpas, Dimitrios-Sotirios & Benekos, Georgios & Nikolopoulos, Nikolaos & Karellas, Sotirios & Grammelis, Panagiotis & Kakaras, Emmanouel, 2018. "A review of key environmental and energy performance indicators for the case of renewable energy systems when integrated with storage solutions," Applied Energy, Elsevier, vol. 231(C), pages 380-398.
    17. Liu, Zhongxuan & Kim, Donghoi & Gundersen, Truls, 2022. "Optimal recovery of thermal energy in liquid air energy storage," Energy, Elsevier, vol. 240(C).
    18. Koirala, Binod Prasad & van Oost, Ellen & van der Windt, Henny, 2018. "Community energy storage: A responsible innovation towards a sustainable energy system?," Applied Energy, Elsevier, vol. 231(C), pages 570-585.
    19. Carro, A. & Chacartegui, R. & Ortiz, C. & Becerra, J.A., 2022. "Analysis of a thermochemical energy storage system based on the reversible Ca(OH)2/CaO reaction," Energy, Elsevier, vol. 261(PA).
    20. Noori, Mehdi & Tatari, Omer & Nam, BooHyun & Golestani, Behnam & Greene, James, 2014. "A stochastic optimization approach for the selection of reflective cracking mitigation techniques," Transportation Research Part A: Policy and Practice, Elsevier, vol. 69(C), pages 367-378.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jeners:v:13:y:2020:i:7:p:1617-:d:340228. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.