IDEAS home Printed from https://ideas.repec.org/a/gam/jeners/v14y2021i9p2503-d544549.html
   My bibliography  Save this article

Economic Analysis of the Investments in Battery Energy Storage Systems: Review and Current Perspectives

Author

Listed:
  • Paulo Rotella Junior

    (Department of Production Engineering, Federal University of Paraiba, João Pessoa 58051-900, Brazil
    Faculty of Finance and Accounting, Prague University of Economics and Business, 130 67 Prague, Czech Republic)

  • Luiz Célio Souza Rocha

    (Department of Management, Federal Institute of Education, Science and Technology—North of Minas Gerais, Almenara 39900-000, Brazil)

  • Sandra Naomi Morioka

    (Department of Production Engineering, Federal University of Paraiba, João Pessoa 58051-900, Brazil)

  • Ivan Bolis

    (Department of Psychology, Federal University of Paraiba, João Pessoa 58051-900, Brazil)

  • Gianfranco Chicco

    (Dipartimento Energia “Galileo Ferraris”, Politecnico di Torino, 10129 Torino, Italy)

  • Andrea Mazza

    (Dipartimento Energia “Galileo Ferraris”, Politecnico di Torino, 10129 Torino, Italy)

  • Karel Janda

    (Faculty of Finance and Accounting, Prague University of Economics and Business, 130 67 Prague, Czech Republic
    Institute of Economic Studies, Faculty of Social Sciences, Charles University, 110 00 Prague, Czech Republic)

Abstract

Sources such as solar and wind energy are intermittent, and this is seen as a barrier to their wide utilization. The increasing grid integration of intermittent renewable energy sources generation significantly changes the scenario of distribution grid operations. Such operational challenges are minimized by the incorporation of the energy storage system, which plays an important role in improving the stability and the reliability of the grid. This study provides the review of the state-of-the-art in the literature on the economic analysis of battery energy storage systems. The paper makes evident the growing interest of batteries as energy storage systems to improve techno-economic viability of renewable energy systems; provides a comprehensive overview of key methodological possibilities for researchers interested in economic analysis of battery energy storage systems; indicates the need to use adequate economic indicators for investment decisions; and identifies key research topics of the analyzed literature: (i) photovoltaic systems with battery energy storage systems for residential areas, (ii) comparison between energy storage technologies, (iii) power quality improvement. The last key contribution is the proposed research agenda.

Suggested Citation

  • Paulo Rotella Junior & Luiz Célio Souza Rocha & Sandra Naomi Morioka & Ivan Bolis & Gianfranco Chicco & Andrea Mazza & Karel Janda, 2021. "Economic Analysis of the Investments in Battery Energy Storage Systems: Review and Current Perspectives," Energies, MDPI, vol. 14(9), pages 1-29, April.
    • Handle: RePEc:gam:jeners:v:14:y:2021:i:9:p:2503-:d:544549
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/1996-1073/14/9/2503/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/1996-1073/14/9/2503/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Escalante Soberanis, M.A. & Mithrush, T. & Bassam, A. & Mérida, W., 2018. "A sensitivity analysis to determine technical and economic feasibility of energy storage systems implementation: A flow battery case study," Renewable Energy, Elsevier, vol. 115(C), pages 547-557.
    2. Rocha, Luiz Célio Souza & Aquila, Giancarlo & Rotela Junior, Paulo & Paiva, Anderson Paulo de & Pamplona, Edson de Oliveira & Balestrassi, Pedro Paulo, 2018. "A stochastic economic viability analysis of residential wind power generation in Brazil," Renewable and Sustainable Energy Reviews, Elsevier, vol. 90(C), pages 412-419.
    3. van der Stelt, Sander & AlSkaif, Tarek & van Sark, Wilfried, 2018. "Techno-economic analysis of household and community energy storage for residential prosumers with smart appliances," Applied Energy, Elsevier, vol. 209(C), pages 266-276.
    4. Bai, Bo & Xiong, Siqin & Song, Bo & Xiaoming, Ma, 2019. "Economic analysis of distributed solar photovoltaics with reused electric vehicle batteries as energy storage systems in China," Renewable and Sustainable Energy Reviews, Elsevier, vol. 109(C), pages 213-229.
    5. Fagiani, Riccardo & Barquín, Julián & Hakvoort, Rudi, 2013. "Risk-based assessment of the cost-efficiency and the effectivity of renewable energy support schemes: Certificate markets versus feed-in tariffs," Energy Policy, Elsevier, vol. 55(C), pages 648-661.
    6. Muhyaddin Rawa & Abdullah Abusorrah & Yusuf Al-Turki & Saad Mekhilef & Mostafa H. Mostafa & Ziad M. Ali & Shady H. E. Abdel Aleem, 2020. "Optimal Allocation and Economic Analysis of Battery Energy Storage Systems: Self-Consumption Rate and Hosting Capacity Enhancement for Microgrids with High Renewable Penetration," Sustainability, MDPI, vol. 12(23), pages 1-25, December.
    7. Rudolf, Viktor & Papastergiou, Konstantinos D., 2013. "Financial analysis of utility scale photovoltaic plants with battery energy storage," Energy Policy, Elsevier, vol. 63(C), pages 139-146.
    8. Amrollahi, Mohammad Hossein & Bathaee, Seyyed Mohammad Taghi, 2017. "Techno-economic optimization of hybrid photovoltaic/wind generation together with energy storage system in a stand-alone micro-grid subjected to demand response," Applied Energy, Elsevier, vol. 202(C), pages 66-77.
    9. Aquila, Giancarlo & Souza Rocha, Luiz Célio & de Oliveira Pamplona, Edson & de Queiroz, Anderson Rodrigo & Rotela Junior, Paulo & Balestrassi, Pedro Paulo & Fonseca, Marcelo Nunes, 2018. "Proposed method for contracting of wind-photovoltaic projects connected to the Brazilian electric system using multiobjective programming," Renewable and Sustainable Energy Reviews, Elsevier, vol. 97(C), pages 377-389.
    10. Diaf, S. & Belhamel, M. & Haddadi, M. & Louche, A., 2008. "Technical and economic assessment of hybrid photovoltaic/wind system with battery storage in Corsica island," Energy Policy, Elsevier, vol. 36(2), pages 743-754, February.
    11. Lam, K.H. & Lai, T.M. & Lo, W.C. & To, W.M., 2012. "The application of dynamic modelling techniques to the grid-connected PV (photovoltaic) systems," Energy, Elsevier, vol. 46(1), pages 264-274.
    12. Eklas Hossain & Hossain Mansur Resalat Faruque & Md. Samiul Haque Sunny & Naeem Mohammad & Nafiu Nawar, 2020. "A Comprehensive Review on Energy Storage Systems: Types, Comparison, Current Scenario, Applications, Barriers, and Potential Solutions, Policies, and Future Prospects," Energies, MDPI, vol. 13(14), pages 1-127, July.
    13. Antonio Gagliano & Francesco Nocera & Giuseppe Tina, 2020. "Performances and economic analysis of small photovoltaic–electricity energy storage system for residential applications," Energy & Environment, , vol. 31(1), pages 155-175, February.
    14. Evans, Annette & Strezov, Vladimir & Evans, Tim J., 2012. "Assessment of utility energy storage options for increased renewable energy penetration," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(6), pages 4141-4147.
    15. Yekini Suberu, Mohammed & Wazir Mustafa, Mohd & Bashir, Nouruddeen, 2014. "Energy storage systems for renewable energy power sector integration and mitigation of intermittency," Renewable and Sustainable Energy Reviews, Elsevier, vol. 35(C), pages 499-514.
    16. Han, Xiaojuan & Ji, Tianming & Zhao, Zekun & Zhang, Hao, 2015. "Economic evaluation of batteries planning in energy storage power stations for load shifting," Renewable Energy, Elsevier, vol. 78(C), pages 643-647.
    17. Hyung Tae Kim & Young Gyu Jin & Yong Tae Yoon, 2019. "An Economic Analysis of Load Leveling with Battery Energy Storage Systems (BESS) in an Electricity Market Environment: The Korean Case," Energies, MDPI, vol. 12(9), pages 1-16, April.
    18. Tervo, Eric & Agbim, Kenechi & DeAngelis, Freddy & Hernandez, Jeffrey & Kim, Hye Kyung & Odukomaiya, Adewale, 2018. "An economic analysis of residential photovoltaic systems with lithium ion battery storage in the United States," Renewable and Sustainable Energy Reviews, Elsevier, vol. 94(C), pages 1057-1066.
    19. Zakeri, Behnam & Syri, Sanna, 2015. "Electrical energy storage systems: A comparative life cycle cost analysis," Renewable and Sustainable Energy Reviews, Elsevier, vol. 42(C), pages 569-596.
    20. Uddin, Kotub & Gough, Rebecca & Radcliffe, Jonathan & Marco, James & Jennings, Paul, 2017. "Techno-economic analysis of the viability of residential photovoltaic systems using lithium-ion batteries for energy storage in the United Kingdom," Applied Energy, Elsevier, vol. 206(C), pages 12-21.
    21. Oliva H., Sebastian & Passey, Rob & Abdullah, Md Abu, 2019. "A semi-empirical financial assessment of combining residential photovoltaics, energy efficiency and battery storage systems," Renewable and Sustainable Energy Reviews, Elsevier, vol. 105(C), pages 206-214.
    22. Davitian, H. & Leigh, R.W., 1979. "On the economic assessment and optimization of energy storage systems," Energy, Elsevier, vol. 4(6), pages 1099-1105.
    23. Lin, Boqiang & Wu, Wei, 2017. "Economic viability of battery energy storage and grid strategy: A special case of China electricity market," Energy, Elsevier, vol. 124(C), pages 423-434.
    24. von Appen, J. & Braun, M., 2018. "Interdependencies between self-sufficiency preferences, techno-economic drivers for investment decisions and grid integration of residential PV storage systems," Applied Energy, Elsevier, vol. 229(C), pages 1140-1151.
    25. Zheng, Menglian & Meinrenken, Christoph J. & Lackner, Klaus S., 2015. "Smart households: Dispatch strategies and economic analysis of distributed energy storage for residential peak shaving," Applied Energy, Elsevier, vol. 147(C), pages 246-257.
    26. Ida Bakke & Stein-Erik Fleten & Lars Ivar Hagfors & Verena Hagspiel & Beate Norheim & Sonja Wogrin, 2016. "Investment in electric energy storage under uncertainty: a real options approach," Computational Management Science, Springer, vol. 13(3), pages 483-500, July.
    27. Shabani, Masoume & Dahlquist, Erik & Wallin, Fredrik & Yan, Jinyue, 2020. "Techno-economic comparison of optimal design of renewable-battery storage and renewable micro pumped hydro storage power supply systems: A case study in Sweden," Applied Energy, Elsevier, vol. 279(C).
    28. Steffen, Bjarne, 2020. "Estimating the cost of capital for renewable energy projects," Energy Economics, Elsevier, vol. 88(C).
    29. Kabir, M.N. & Mishra, Y. & Ledwich, G. & Xu, Z. & Bansal, R.C., 2014. "Improving voltage profile of residential distribution systems using rooftop PVs and Battery Energy Storage systems," Applied Energy, Elsevier, vol. 134(C), pages 290-300.
    30. Lucas Deotti & Wanessa Guedes & Bruno Dias & Tiago Soares, 2020. "Technical and Economic Analysis of Battery Storage for Residential Solar Photovoltaic Systems in the Brazilian Regulatory Context," Energies, MDPI, vol. 13(24), pages 1-30, December.
    31. Bullich-Massagué, Eduard & Cifuentes-García, Francisco-Javier & Glenny-Crende, Ignacio & Cheah-Mañé, Marc & Aragüés-Peñalba, Mònica & Díaz-González, Francisco & Gomis-Bellmunt, Oriol, 2020. "A review of energy storage technologies for large scale photovoltaic power plants," Applied Energy, Elsevier, vol. 274(C).
    32. Björn Nykvist & Måns Nilsson, 2015. "Rapidly falling costs of battery packs for electric vehicles," Nature Climate Change, Nature, vol. 5(4), pages 329-332, April.
    33. Bingxiang Sun & Xitian He & Weige Zhang & Yangxi Li & Minming Gong & Yang Yang & Xiaojia Su & Zhenlin Zhu & Wenzhong Gao, 2020. "Control Strategies and Economic Analysis of an LTO Battery Energy Storage System for AGC Ancillary Service," Energies, MDPI, vol. 13(2), pages 1-16, January.
    34. Bradbury, Kyle & Pratson, Lincoln & Patiño-Echeverri, Dalia, 2014. "Economic viability of energy storage systems based on price arbitrage potential in real-time U.S. electricity markets," Applied Energy, Elsevier, vol. 114(C), pages 512-519.
    35. O. Schmidt & A. Hawkes & A. Gambhir & I. Staffell, 2017. "The future cost of electrical energy storage based on experience rates," Nature Energy, Nature, vol. 2(8), pages 1-8, August.
    36. Perianes-Rodriguez, Antonio & Waltman, Ludo & van Eck, Nees Jan, 2016. "Constructing bibliometric networks: A comparison between full and fractional counting," Journal of Informetrics, Elsevier, vol. 10(4), pages 1178-1195.
    37. Diana Enescu & Gianfranco Chicco & Radu Porumb & George Seritan, 2020. "Thermal Energy Storage for Grid Applications: Current Status and Emerging Trends," Energies, MDPI, vol. 13(2), pages 1-21, January.
    38. Argyrou, Maria C. & Christodoulides, Paul & Kalogirou, Soteris A., 2018. "Energy storage for electricity generation and related processes: Technologies appraisal and grid scale applications," Renewable and Sustainable Energy Reviews, Elsevier, vol. 94(C), pages 804-821.
    39. Wang, Yue & Das, Ridoy & Putrus, Ghanim & Kotter, Richard, 2020. "Economic evaluation of photovoltaic and energy storage technologies for future domestic energy systems – A case study of the UK," Energy, Elsevier, vol. 203(C).
    40. Hoppmann, Joern & Volland, Jonas & Schmidt, Tobias S. & Hoffmann, Volker H., 2014. "The economic viability of battery storage for residential solar photovoltaic systems – A review and a simulation model," Renewable and Sustainable Energy Reviews, Elsevier, vol. 39(C), pages 1101-1118.
    41. Marco Raugei & Alessio Peluso & Enrica Leccisi & Vasilis Fthenakis, 2020. "Life-Cycle Carbon Emissions and Energy Return on Investment for 80% Domestic Renewable Electricity with Battery Storage in California (U.S.A.)," Energies, MDPI, vol. 13(15), pages 1-22, August.
    42. Ivan Pavić & Zora Luburić & Hrvoje Pandžić & Tomislav Capuder & Ivan Andročec, 2019. "Defining and Evaluating Use Cases for Battery Energy Storage Investments: Case Study in Croatia," Energies, MDPI, vol. 12(3), pages 1-23, January.
    43. Engels, Jonas & Claessens, Bert & Deconinck, Geert, 2019. "Techno-economic analysis and optimal control of battery storage for frequency control services, applied to the German market," Applied Energy, Elsevier, vol. 242(C), pages 1036-1049.
    44. Nees Jan Eck & Ludo Waltman, 2010. "Software survey: VOSviewer, a computer program for bibliometric mapping," Scientometrics, Springer;Akadémiai Kiadó, vol. 84(2), pages 523-538, August.
    45. Das, Choton K. & Bass, Octavian & Kothapalli, Ganesh & Mahmoud, Thair S. & Habibi, Daryoush, 2018. "Overview of energy storage systems in distribution networks: Placement, sizing, operation, and power quality," Renewable and Sustainable Energy Reviews, Elsevier, vol. 91(C), pages 1205-1230.
    46. Hector Beltran & Sam Harrison & Agustí Egea-Àlvarez & Lie Xu, 2020. "Techno-Economic Assessment of Energy Storage Technologies for Inertia Response and Frequency Support from Wind Farms," Energies, MDPI, vol. 13(13), pages 1-21, July.
    47. Heymans, Catherine & Walker, Sean B. & Young, Steven B. & Fowler, Michael, 2014. "Economic analysis of second use electric vehicle batteries for residential energy storage and load-levelling," Energy Policy, Elsevier, vol. 71(C), pages 22-30.
    48. Mallapragada, Dharik S. & Sepulveda, Nestor A. & Jenkins, Jesse D., 2020. "Long-run system value of battery energy storage in future grids with increasing wind and solar generation," Applied Energy, Elsevier, vol. 275(C).
    49. Federica Cucchiella & Idiano D’Adamo & Massimo Gastaldi & Vincenzo Stornelli, 2018. "Solar Photovoltaic Panels Combined with Energy Storage in a Residential Building: An Economic Analysis," Sustainability, MDPI, vol. 10(9), pages 1-29, August.
    50. Kaldellis, J.K. & Zafirakis, D. & Kavadias, K., 2009. "Techno-economic comparison of energy storage systems for island autonomous electrical networks," Renewable and Sustainable Energy Reviews, Elsevier, vol. 13(2), pages 378-392, February.
    51. David Moher & Alessandro Liberati & Jennifer Tetzlaff & Douglas G Altman & The PRISMA Group, 2009. "Preferred Reporting Items for Systematic Reviews and Meta-Analyses: The PRISMA Statement," PLOS Medicine, Public Library of Science, vol. 6(7), pages 1-6, July.
    52. Luo, Xing & Wang, Jihong & Dooner, Mark & Clarke, Jonathan, 2015. "Overview of current development in electrical energy storage technologies and the application potential in power system operation," Applied Energy, Elsevier, vol. 137(C), pages 511-536.
    53. Federica Cucchiella & Idiano D’Adamo & Massimo Gastaldi, 2017. "The Economic Feasibility of Residential Energy Storage Combined with PV Panels: The Role of Subsidies in Italy," Energies, MDPI, vol. 10(9), pages 1-18, September.
    54. Waltman, Ludo & van Eck, Nees Jan & Noyons, Ed C.M., 2010. "A unified approach to mapping and clustering of bibliometric networks," Journal of Informetrics, Elsevier, vol. 4(4), pages 629-635.
    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. Shengyu Tao & Yiqiang Zhang & Meng Yuan & Ruixiang Zhang & Zhongyan Xu & Yaojie Sun, 2021. "Behavioral Economics Optimized Renewable Power Grid: A Case Study of Household Energy Storage," Energies, MDPI, vol. 14(14), pages 1-17, July.
    2. Pablo Carrasco Ortega & Pablo Durán Gómez & Julio César Mérida Sánchez & Fernando Echevarría Camarero & Ángel Á. Pardiñas, 2023. "Battery Energy Storage Systems for the New Electricity Market Landscape: Modeling, State Diagnostics, Management, and Viability—A Review," Energies, MDPI, vol. 16(17), pages 1-51, August.
    3. Gabriel Nasser Doyle de Doile & Paulo Rotella Junior & Luiz Célio Souza Rocha & Ivan Bolis & Karel Janda & Luiz Moreira Coelho Junior, 2021. "Hybrid Wind and Solar Photovoltaic Generation with Energy Storage Systems: A Systematic Literature Review and Contributions to Technical and Economic Regulations," Energies, MDPI, vol. 14(20), pages 1-22, October.
    4. Jafari, Mehdi & Botterud, Audun & Sakti, Apurba, 2022. "Decarbonizing power systems: A critical review of the role of energy storage," Renewable and Sustainable Energy Reviews, Elsevier, vol. 158(C).
    5. Kristia Kristia & Mohammad Fazle Rabbi, 2023. "Exploring the Synergy of Renewable Energy in the Circular Economy Framework: A Bibliometric Study," Sustainability, MDPI, vol. 15(17), pages 1-27, September.
    6. Rafał Kuźniak & Artur Pawelec & Artur Bartosik & Marek Pawełczyk, 2022. "Determination of the Electricity Storage Power and Capacity for Cooperation with the Microgrid Implementing the Peak Shaving Strategy in Selected Industrial Enterprises," Energies, MDPI, vol. 15(13), pages 1-20, June.
    7. Karel Janda & Eva Michalikova & Luiz Célio Souza Rocha & Paulo Rotella Junior & Barbora Schererova & David Zilberman, 2022. "Review of the Impact of Biofuels on U.S. Retail Gasoline Prices," Energies, MDPI, vol. 16(1), pages 1-21, December.
    8. Zhouquan Wu & Pradeep Krishna Bhat & Bo Chen, 2023. "Optimal Configuration of Extreme Fast Charging Stations Integrated with Energy Storage System and Photovoltaic Panels in Distribution Networks," Energies, MDPI, vol. 16(5), pages 1-20, March.
    9. Luiz Moreira Coelho Junior & Amadeu Junior da Silva Fonseca & Roberto Castro & João Carlos de Oliveira Mello & Victor Hugo Ribeiro dos Santos & Renato Barros Pinheiro & Wilton Lima Sousa & Edvaldo Per, 2022. "Empirical Evidence of the Cost of Capital under Risk Conditions for Thermoelectric Power Plants in Brazil," Energies, MDPI, vol. 15(12), pages 1-12, June.
    10. de Doile, Gabriel Nasser Doyle & Rotella Junior, Paulo & Rocha, Luiz Célio Souza & Janda, Karel & Aquila, Giancarlo & Peruchi, Rogério Santana & Balestrassi, Pedro Paulo, 2022. "Feasibility of hybrid wind and photovoltaic distributed generation and battery energy storage systems under techno-economic regulation," Renewable Energy, Elsevier, vol. 195(C), pages 1310-1323.
    11. Gustavo Leite Gonçalves & Raphael Abrahão & Paulo Rotella Junior & Luiz Célio Souza Rocha, 2022. "Economic Feasibility of Conventional and Building-Integrated Photovoltaics Implementation in Brazil," Energies, MDPI, vol. 15(18), pages 1-16, September.
    12. Maurizio Sibilla & Esra Kurul, 2023. "Towards Social Understanding of Energy Storage Systems—A Perspective," Energies, MDPI, vol. 16(19), pages 1-11, September.
    13. Anna Manuella Melo Nunes & Luiz Moreira Coelho Junior & Raphael Abrahão & Edvaldo Pereira Santos Júnior & Flávio José Simioni & Paulo Rotella Junior & Luiz Célio Souza Rocha, 2023. "Public Policies for Renewable Energy: A Review of the Perspectives for a Circular Economy," Energies, MDPI, vol. 16(1), pages 1-28, 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. Pablo Carrasco Ortega & Pablo Durán Gómez & Julio César Mérida Sánchez & Fernando Echevarría Camarero & Ángel Á. Pardiñas, 2023. "Battery Energy Storage Systems for the New Electricity Market Landscape: Modeling, State Diagnostics, Management, and Viability—A Review," Energies, MDPI, vol. 16(17), pages 1-51, August.
    2. Wu, Wei & Lin, Boqiang, 2018. "Application value of energy storage in power grid: A special case of China electricity market," Energy, Elsevier, vol. 165(PB), pages 1191-1199.
    3. de Doile, Gabriel Nasser Doyle & Rotella Junior, Paulo & Rocha, Luiz Célio Souza & Janda, Karel & Aquila, Giancarlo & Peruchi, Rogério Santana & Balestrassi, Pedro Paulo, 2022. "Feasibility of hybrid wind and photovoltaic distributed generation and battery energy storage systems under techno-economic regulation," Renewable Energy, Elsevier, vol. 195(C), pages 1310-1323.
    4. Martin, Nigel & Rice, John, 2021. "Power outages, climate events and renewable energy: Reviewing energy storage policy and regulatory options for Australia," Renewable and Sustainable Energy Reviews, Elsevier, vol. 137(C).
    5. Han, Xuejiao & Garrison, Jared & Hug, Gabriela, 2022. "Techno-economic analysis of PV-battery systems in Switzerland," Renewable and Sustainable Energy Reviews, Elsevier, vol. 158(C).
    6. Lin, Boqiang & Wu, Wei, 2017. "Economic viability of battery energy storage and grid strategy: A special case of China electricity market," Energy, Elsevier, vol. 124(C), pages 423-434.
    7. Andreolli, Francesca & D’Alpaos, Chiara & Moretto, Michele, 2022. "Valuing investments in domestic PV-Battery Systems under uncertainty," Energy Economics, Elsevier, vol. 106(C).
    8. Holger C. Hesse & Michael Schimpe & Daniel Kucevic & Andreas Jossen, 2017. "Lithium-Ion Battery Storage for the Grid—A Review of Stationary Battery Storage System Design Tailored for Applications in Modern Power Grids," Energies, MDPI, vol. 10(12), pages 1-42, December.
    9. Morteza Zare Oskouei & Ayşe Aybike Şeker & Süleyman Tunçel & Emin Demirbaş & Tuba Gözel & Mehmet Hakan Hocaoğlu & Mehdi Abapour & Behnam Mohammadi-Ivatloo, 2022. "A Critical Review on the Impacts of Energy Storage Systems and Demand-Side Management Strategies in the Economic Operation of Renewable-Based Distribution Network," Sustainability, MDPI, vol. 14(4), pages 1-34, February.
    10. Gabriel Nasser Doyle de Doile & Paulo Rotella Junior & Luiz Célio Souza Rocha & Ivan Bolis & Karel Janda & Luiz Moreira Coelho Junior, 2021. "Hybrid Wind and Solar Photovoltaic Generation with Energy Storage Systems: A Systematic Literature Review and Contributions to Technical and Economic Regulations," Energies, MDPI, vol. 14(20), pages 1-22, October.
    11. Qiujie Sun & Jingyu Zhou & Zhou Lan & Xiangyang Ma, 2023. "The Economic Influence of Energy Storage Construction in the Context of New Power Systems," Sustainability, MDPI, vol. 15(4), pages 1-16, February.
    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. D'Adamo, Idiano & Gastaldi, Massimo & Morone, Piergiuseppe, 2022. "The impact of a subsidized tax deduction on residential solar photovoltaic-battery energy storage systems," Utilities Policy, Elsevier, vol. 75(C).
    14. Ebrahimi, Mahyar, 2020. "Storing electricity as thermal energy at community level for demand side management," Energy, Elsevier, vol. 193(C).
    15. Luo, Xing & Wang, Jihong & Dooner, Mark & Clarke, Jonathan, 2015. "Overview of current development in electrical energy storage technologies and the application potential in power system operation," Applied Energy, Elsevier, vol. 137(C), pages 511-536.
    16. Bai, Bo & Xiong, Siqin & Song, Bo & Xiaoming, Ma, 2019. "Economic analysis of distributed solar photovoltaics with reused electric vehicle batteries as energy storage systems in China," Renewable and Sustainable Energy Reviews, Elsevier, vol. 109(C), pages 213-229.
    17. Yang, Yuqing & Bremner, Stephen & Menictas, Chris & Kay, Merlinde, 2022. "Modelling and optimal energy management for battery energy storage systems in renewable energy systems: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 167(C).
    18. Colmenar-Santos, Antonio & Molina-Ibáñez, Enrique-Luis & Rosales-Asensio, Enrique & Blanes-Peiró, Jorge-Juan, 2018. "Legislative and economic aspects for the inclusion of energy reserve by a superconducting magnetic energy storage: Application to the case of the Spanish electrical system," Renewable and Sustainable Energy Reviews, Elsevier, vol. 82(P3), pages 2455-2470.
    19. Das, Choton K. & Bass, Octavian & Kothapalli, Ganesh & Mahmoud, Thair S. & Habibi, Daryoush, 2018. "Overview of energy storage systems in distribution networks: Placement, sizing, operation, and power quality," Renewable and Sustainable Energy Reviews, Elsevier, vol. 91(C), pages 1205-1230.
    20. Federica Cucchiella & Idiano D’Adamo & Massimo Gastaldi & Vincenzo Stornelli, 2018. "Solar Photovoltaic Panels Combined with Energy Storage in a Residential Building: An Economic Analysis," Sustainability, MDPI, vol. 10(9), pages 1-29, August.

    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:14:y:2021:i:9:p:2503-:d:544549. 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.