IDEAS home Printed from https://ideas.repec.org/a/gam/jeners/v16y2023i2p731-d1028754.html
   My bibliography  Save this article

Application Prospect, Development Status and Key Technologies of Shared Energy Storage toward Renewable Energy Accommodation Scenario in the Context of China

Author

Listed:
  • Weiqiang Qiu

    (College of Electrical Engineering, Zhejiang University, Hangzhou 310027, China)

  • Sheng Zhou

    (College of Electrical Engineering, Zhejiang University, Hangzhou 310027, China)

  • Yang Yang

    (Lishui Power Supply Company of State Grid Zhejiang Electric Power Co., Ltd., Lishui 323000, China)

  • Xiaoying Lv

    (Lishui Power Supply Company of State Grid Zhejiang Electric Power Co., Ltd., Lishui 323000, China)

  • Ting Lv

    (College of Electrical Engineering, Zhejiang University, Hangzhou 310027, China)

  • Yuge Chen

    (College of Electrical Engineering, Zhejiang University, Hangzhou 310027, China)

  • Ying Huang

    (Lishui Power Supply Company of State Grid Zhejiang Electric Power Co., Ltd., Lishui 323000, China)

  • Kunming Zhang

    (College of Electrical Engineering, Zhejiang University, Hangzhou 310027, China)

  • Hongfei Yu

    (College of Electrical Engineering, Zhejiang University, Hangzhou 310027, China)

  • Yunchu Wang

    (College of Electrical Engineering, Zhejiang University, Hangzhou 310027, China)

  • Yuanqian Ma

    (College of Electrical Engineering, Zhejiang University, Hangzhou 310027, China
    School of Information Science and Engineering, Zhejiang Sci-Tech University, Hangzhou 310018, China)

  • Zhenzhi Lin

    (College of Electrical Engineering, Zhejiang University, Hangzhou 310027, China)

Abstract

With the promotion of carbon peaking and carbon neutrality goals and the construction of renewable-dominated electric power systems, renewable energy will become the main power source of power systems in China. How to ensure the accommodation of renewable energy will also be the core issue in the future development process of renewable-dominated electric power systems. In this context, shared energy storage (SES), a novel business model combined with energy storage technologies and the sharing economy, has the potential to play an important role in renewable energy accommodation scenarios. This paper systematically organizes the application prospect, development status and key technologies of SES in the renewable energy accommodation scenario in the context of China, providing helpful references for the promotion of the business model. Firstly, a typical SES framework for renewable energy accommodation is described, and three basic forms of SES in this scenario are presented. Moreover, the application prospect of SES in the renewable energy accommodation scenario is quantitatively analyzed based on the renewable energy generation planning under the carbon peaking goal and the current guarantee mechanism of renewable energy accommodation. Furthermore, the rules for energy storage systems that provide the peak-regulation ancillary service in typical regions and provincial administrative regions in China are summarized, and the development status of SES in the renewable energy accommodation scenario is analyzed, combined with the actual market data. Finally, the key technologies to promote the further development of SES for renewable energy accommodation are presented.

Suggested Citation

  • Weiqiang Qiu & Sheng Zhou & Yang Yang & Xiaoying Lv & Ting Lv & Yuge Chen & Ying Huang & Kunming Zhang & Hongfei Yu & Yunchu Wang & Yuanqian Ma & Zhenzhi Lin, 2023. "Application Prospect, Development Status and Key Technologies of Shared Energy Storage toward Renewable Energy Accommodation Scenario in the Context of China," Energies, MDPI, vol. 16(2), pages 1-21, January.
    • Handle: RePEc:gam:jeners:v:16:y:2023:i:2:p:731-:d:1028754
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/1996-1073/16/2/731/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/1996-1073/16/2/731/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Liu, Jingkun & Zhang, Ning & Kang, Chongqing & Kirschen, Daniel & Xia, Qing, 2017. "Cloud energy storage for residential and small commercial consumers: A business case study," Applied Energy, Elsevier, vol. 188(C), pages 226-236.
    2. Chang, Hsiu-Chuan & Ghaddar, Bissan & Nathwani, Jatin, 2022. "Shared community energy storage allocation and optimization," Applied Energy, Elsevier, vol. 318(C).
    3. Sakti, Apurba & Botterud, Audun & O’Sullivan, Francis, 2018. "Review of wholesale markets and regulations for advanced energy storage services in the United States: Current status and path forward," Energy Policy, Elsevier, vol. 120(C), pages 569-579.
    4. 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.
    5. Walker, Awnalisa & Kwon, Soongeol, 2021. "Design of structured control policy for shared energy storage in residential community: A stochastic optimization approach," Applied Energy, Elsevier, vol. 298(C).
    6. Zhang, Ziyu & Ding, Tao & Zhou, Quan & Sun, Yuge & Qu, Ming & Zeng, Ziyu & Ju, Yuntao & Li, Li & Wang, Kang & Chi, Fangde, 2021. "A review of technologies and applications on versatile energy storage systems," Renewable and Sustainable Energy Reviews, Elsevier, vol. 148(C).
    7. Efstathios E. Michaelides, 2022. "Transition to Renewable Energy for Communities: Energy Storage Requirements and Dissipation," Energies, MDPI, vol. 15(16), pages 1-11, August.
    8. Dahu Li & Xiaoda Cheng & Leijiao Ge & Wentao Huang & Jun He & Zhongwei He, 2022. "Multiple Power Supply Capacity Planning Research for New Power System Based on Situation Awareness," Energies, MDPI, vol. 15(9), pages 1-24, April.
    9. Alizadeh, M.I. & Parsa Moghaddam, M. & Amjady, N. & Siano, P. & Sheikh-El-Eslami, M.K., 2016. "Flexibility in future power systems with high renewable penetration: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 57(C), pages 1186-1193.
    10. Fan, Jing-Li & Wang, Jia-Xing & Hu, Jia-Wei & Yang, Yang & Wang, Yu, 2021. "Will China achieve its renewable portfolio standard targets? An analysis from the perspective of supply and demand," Renewable and Sustainable Energy Reviews, Elsevier, vol. 138(C).
    11. Steven Kane Curtis & Matthias Lehner, 2019. "Defining the Sharing Economy for Sustainability," Sustainability, MDPI, vol. 11(3), pages 1-25, January.
    12. Lombardi, P. & Schwabe, F., 2017. "Sharing economy as a new business model for energy storage systems," Applied Energy, Elsevier, vol. 188(C), pages 485-496.
    13. Walker, Awnalisa & Kwon, Soongeol, 2021. "Analysis on impact of shared energy storage in residential community: Individual versus shared energy storage," Applied Energy, Elsevier, vol. 282(PA).
    14. Zhang, Sufang & Andrews-Speed, Philip & Li, Sitao, 2018. "To what extent will China's ongoing electricity market reforms assist the integration of renewable energy?," Energy Policy, Elsevier, vol. 114(C), pages 165-172.
    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. Zhe Chai & Junhui Liu & Yihan Zhang & Yuge Chen & Kunming Zhang & Chang Liu & Meng Yang & Shuo Yin & Weiqiang Qiu & Zhenzhi Lin & Li Yang, 2023. "Optimal Scheduling Strategy of Regional Power System Dominated by Renewable Energy Considering Physical and Virtual Shared Energy Storage," Energies, MDPI, vol. 16(5), pages 1-20, March.
    2. Hailun Wang & Yang Li & Feng Wu & Shengming He & Renshan Ding, 2024. "Capacity Optimization of Pumped–Hydro–Wind–Photovoltaic Hybrid System Based on Normal Boundary Intersection Method," Sustainability, MDPI, vol. 16(17), pages 1-26, August.
    3. Chenxuan Xu & Weiqiang Qiu & Linjun Si & Tianhan Zhang & Jun Li & Gang Chen & Hongfei Yu & Jiaqi Lu & Zhenzhi Lin, 2023. "Economic Analysis of Li-Ion Battery–Supercapacitor Hybrid Energy Storage System Considering Multitype Frequency Response Benefits in Power Systems," Energies, MDPI, vol. 16(18), pages 1-21, September.
    4. Liu, Xiaoou, 2024. "Low-carbon scheduling research of integrated energy system based on Stackelberg game under sharing mode," Energy, Elsevier, vol. 303(C).

    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. Talihati, Baligen & Tao, Shengyu & Fu, Shiyi & Zhang, Bowen & Fan, Hongtao & Li, Qifen & Lv, Xiaodong & Sun, Yaojie & Wang, Yu, 2024. "Energy storage sharing in residential communities with controllable loads for enhanced operational efficiency and profitability," Applied Energy, Elsevier, vol. 373(C).
    2. Zhaonian Ye & Yongzhen Wang & Kai Han & Changlu Zhao & Juntao Han & Yilin Zhu, 2023. "Bi-Objective Optimization and Emergy Analysis of Multi-Distributed Energy System Considering Shared Energy Storage," Sustainability, MDPI, vol. 15(2), pages 1-23, January.
    3. Jiahao Chen & Bing Sun & Yuan Zeng & Ruipeng Jing & Shimeng Dong & Jingran Wang, 2023. "An Optimal Scheduling Method of Shared Energy Storage System Considering Distribution Network Operation Risk," Energies, MDPI, vol. 16(5), pages 1-24, March.
    4. Zheng, Boshen & Wei, Wei & Chen, Yue & Wu, Qiuwei & Mei, Shengwei, 2022. "A peer-to-peer energy trading market embedded with residential shared energy storage units," Applied Energy, Elsevier, vol. 308(C).
    5. Carson Duan, 2023. "A State-of-the-Art Review of Sharing Economy Business Models and a Forecast of Future Research Directions for Sustainable Development: A Bibliometric Analysis Approach," Sustainability, MDPI, vol. 15(5), pages 1-37, March.
    6. Bian, Yifan & Xie, Lirong & Ye, Jiahao & Ma, Lan, 2024. "A new shared energy storage business model for data center clusters considering energy storage degradation," Renewable Energy, Elsevier, vol. 225(C).
    7. Xie, Yulong & Li, Lee & Hou, Tianyu & Luo, Kang & Xu, Zhenyu & Dai, Mingcheng & Zhang, Lixiong, 2024. "Shared energy storage configuration in distribution networks: A multi-agent tri-level programming approach," Applied Energy, Elsevier, vol. 372(C).
    8. He, Ye & Wu, Hongbin & Wu, Andrew Y. & Li, Peng & Ding, Ming, 2024. "Optimized shared energy storage in a peer-to-peer energy trading market: Two-stage strategic model regards bargaining and evolutionary game theory," Renewable Energy, Elsevier, vol. 224(C).
    9. Ma, Mingtao & Huang, Huijun & Song, Xiaoling & Peña-Mora, Feniosky & Zhang, Zhe & Chen, Jie, 2022. "Optimal sizing and operations of shared energy storage systems in distribution networks: A bi-level programming approach," Applied Energy, Elsevier, vol. 307(C).
    10. Zhang, Shixu & Li, Yaowang & Du, Ershun & Fan, Chuan & Wu, Zhenlong & Yao, Yong & Liu, Lurao & Zhang, Ning, 2023. "A review and outlook on cloud energy storage: An aggregated and shared utilizing method of energy storage system," Renewable and Sustainable Energy Reviews, Elsevier, vol. 185(C).
    11. Jing Yu & Jicheng Liu & Yajing Wen & Xue Yu, 2023. "Economic Optimal Coordinated Dispatch of Power for Community Users Considering Shared Energy Storage and Demand Response under Blockchain," Sustainability, MDPI, vol. 15(8), pages 1-26, April.
    12. Shirazi, Masoud, 2022. "Assessing energy trilemma-related policies: The world's large energy user evidence," Energy Policy, Elsevier, vol. 167(C).
    13. Chang, Weiguang & Dong, Wei & Yang, Qiang, 2023. "Day-ahead bidding strategy of cloud energy storage serving multiple heterogeneous microgrids in the electricity market," Applied Energy, Elsevier, vol. 336(C).
    14. Zeng, Lijun & Wang, Jiafeng & Zhao, Laijun, 2022. "An inter-provincial tradable green certificate futures trading model under renewable portfolio standard policy," Energy, Elsevier, vol. 257(C).
    15. Fatras, Nicolas & Ma, Zheng & Duan, Hongbo & Jørgensen, Bo Nørregaard, 2022. "A systematic review of electricity market liberalisation and its alignment with industrial consumer participation: A comparison between the Nordics and China," Renewable and Sustainable Energy Reviews, Elsevier, vol. 167(C).
    16. Gabriella Buda & Barbara Pethes & József Lehota, 2019. "Dominant Consumer Attitudes in the Sharing Economy—A Representative Study in Hungary," Resources, MDPI, vol. 9(1), pages 1-27, December.
    17. Shi, Mengshu & Huang, Yuansheng & Lin, Hongyu, 2023. "Research on power to hydrogen optimization and profit distribution of microgrid cluster considering shared hydrogen storage," Energy, Elsevier, vol. 264(C).
    18. Chen, Yujia & Pei, Wei & Ma, Tengfei & Xiao, Hao, 2023. "Asymmetric Nash bargaining model for peer-to-peer energy transactions combined with shared energy storage," Energy, Elsevier, vol. 278(PB).
    19. Zhang, Wen-Yi & Zheng, Boshen & Wei, Wei & Chen, Laijun & Mei, Shengwei, 2022. "Peer-to-peer transactive mechanism for residential shared energy storage," Energy, Elsevier, vol. 246(C).
    20. Frederik Plewnia, 2019. "The Energy System and the Sharing Economy: Interfaces and Overlaps and What to Learn from Them," Energies, MDPI, vol. 12(3), pages 1-17, January.

    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:16:y:2023:i:2:p:731-:d:1028754. 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.