IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v15y2023i12p9584-d1171153.html
   My bibliography  Save this article

A Comprehensive Review on Energy Storage System Optimal Planning and Benefit Evaluation Methods in Smart Grids

Author

Listed:
  • Fan Li

    (State Grid Economic and Technological Research Institute Co., Ltd., Beijing 102209, China)

  • Dan Wang

    (State Grid Economic and Technological Research Institute Co., Ltd., Beijing 102209, China)

  • Dong Liu

    (State Grid Economic and Technological Research Institute Co., Ltd., Beijing 102209, China)

  • Songheng Yang

    (Department of Electrical Engineering, Tsinghua University, Beijing 100084, China)

  • Ke Sun

    (State Grid Economic and Technological Research Institute Co., Ltd., Beijing 102209, China)

  • Zhongjian Liu

    (State Grid Economic and Technological Research Institute Co., Ltd., Beijing 102209, China)

  • Haoyang Yu

    (State Grid Economic and Technological Research Institute Co., Ltd., Beijing 102209, China)

  • Jishuo Qin

    (State Grid Economic and Technological Research Institute Co., Ltd., Beijing 102209, China)

Abstract

Smart grids are the ultimate goal of power system development. With access to a high proportion of renewable energy, energy storage systems, with their energy transfer capacity, have become a key part of the smart grid construction process. This paper first summarizes the challenges brought by the high proportion of new energy generation to smart grids and reviews the classification of existing energy storage technologies in the smart grid environment and the practical application functions of energy storage in smart grids. Secondly, optimization planning and the benefit evaluation methods of energy storage technologies in the three different main application scenarios, including the grid side, user side, and new energy side, are analyzed. The advantages and shortcomings of the current research are also pointed out. Furthermore, the paper sheds light on the pressing issues that demand further consideration in energy storage planning. Finally, the aspects that warrant attention in the future application and promotion processes are elucidated in detail, culminating in a comprehensive understanding of the energy storage technologies in smart grids.

Suggested Citation

  • Fan Li & Dan Wang & Dong Liu & Songheng Yang & Ke Sun & Zhongjian Liu & Haoyang Yu & Jishuo Qin, 2023. "A Comprehensive Review on Energy Storage System Optimal Planning and Benefit Evaluation Methods in Smart Grids," Sustainability, MDPI, vol. 15(12), pages 1-25, June.
    • Handle: RePEc:gam:jsusta:v:15:y:2023:i:12:p:9584-:d:1171153
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/15/12/9584/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/15/12/9584/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Van-Hai Bui & Akhtar Hussain & Hak-Man Kim, 2019. "Q-Learning-Based Operation Strategy for Community Battery Energy Storage System (CBESS) in Microgrid System," Energies, MDPI, vol. 12(9), pages 1-17, May.
    2. Shang, Yuwei & Wu, Wenchuan & Guo, Jianbo & Ma, Zhao & Sheng, Wanxing & Lv, Zhe & Fu, Chenran, 2020. "Stochastic dispatch of energy storage in microgrids: An augmented reinforcement learning approach," Applied Energy, Elsevier, vol. 261(C).
    3. Benitez, Liliana E. & Benitez, Pablo C. & van Kooten, G. Cornelis, 2008. "The economics of wind power with energy storage," Energy Economics, Elsevier, vol. 30(4), pages 1973-1989, July.
    4. 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.
    5. Hemmati, Reza & Saboori, Hedayat, 2016. "Emergence of hybrid energy storage systems in renewable energy and transport applications – A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 65(C), pages 11-23.
    6. Yu, Kunyang & Liu, Yushi & Yang, Yingzi, 2021. "Review on form-stable inorganic hydrated salt phase change materials: Preparation, characterization and effect on the thermophysical properties," Applied Energy, Elsevier, vol. 292(C).
    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. Zhou Su & Guoqing Yang & Lixiao Yao & Qingqing Zhou & Yuhan Zhang, 2024. "Optimization of Provincial Power Source Structure Planning in Northwestern China Based on Time-Series Production Simulation," Energies, MDPI, vol. 17(19), pages 1-14, September.

    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. Wang, Yi & Qiu, Dawei & Strbac, Goran, 2022. "Multi-agent deep reinforcement learning for resilience-driven routing and scheduling of mobile energy storage systems," Applied Energy, Elsevier, vol. 310(C).
    2. Scorah, Hugh & Sopinka, Amy & van Kooten, G. Cornelis, 2012. "The economics of storage, transmission and drought: integrating variable wind power into spatially separated electricity grids," Energy Economics, Elsevier, vol. 34(2), pages 536-541.
    3. Ardizzon, G. & Cavazzini, G. & Pavesi, G., 2014. "A new generation of small hydro and pumped-hydro power plants: Advances and future challenges," Renewable and Sustainable Energy Reviews, Elsevier, vol. 31(C), pages 746-761.
    4. Abolhosseini, Shahrouz & Heshmati, Almas & Altmann, Jörn, 2014. "A Review of Renewable Energy Supply and Energy Efficiency Technologies," IZA Discussion Papers 8145, Institute of Labor Economics (IZA).
    5. Valeria Di Cosmo & Laura Malaguzzi Valeri, 2018. "How Much Does Wind Power Reduce $$\text {CO}_{2}$$ CO 2 Emissions? Evidence from the Irish Single Electricity Market," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 71(3), pages 645-669, November.
    6. Díaz-González, Francisco & Sumper, Andreas & Gomis-Bellmunt, Oriol & Villafáfila-Robles, Roberto, 2012. "A review of energy storage technologies for wind power applications," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(4), pages 2154-2171.
    7. Al-Falahi, Monaaf D.A. & Jayasinghe, Shantha D.G. & Enshaei, Hossein, 2019. "Hybrid algorithm for optimal operation of hybrid energy systems in electric ferries," Energy, Elsevier, vol. 187(C).
    8. Nyamdash, Batsaikhan & Denny, Eleanor, 2013. "The impact of electricity storage on wholesale electricity prices," Energy Policy, Elsevier, vol. 58(C), pages 6-16.
    9. Ren, Miao & Zhao, Hua & Gao, Xiaojian, 2022. "Effect of modified diatomite based shape-stabilized phase change materials on multiphysics characteristics of thermal storage mortar," Energy, Elsevier, vol. 241(C).
    10. Shahrouz Abolhosseini & Almas Heshmati & Jorn Altmann, 2014. "The Effect of Renewable Energy Development on Carbon Emission Reduction: An Empirical Analysis for the EU-15 Countries," TEMEP Discussion Papers 2014109, Seoul National University; Technology Management, Economics, and Policy Program (TEMEP), revised Mar 2014.
    11. Bizon, Nicu, 2019. "Hybrid power sources (HPSs) for space applications: Analysis of PEMFC/Battery/SMES HPS under unknown load containing pulses," Renewable and Sustainable Energy Reviews, Elsevier, vol. 105(C), pages 14-37.
    12. Pejman Bahramian, 2021. "Integration of wind power into an electricity system using pumped-storage: Economic challenges and stakeholder impacts," Working Paper 1480, Economics Department, Queen's University.
    13. Omar Al-Ani & Sanjoy Das, 2022. "Reinforcement Learning: Theory and Applications in HEMS," Energies, MDPI, vol. 15(17), pages 1-37, September.
    14. Prasad, Abhnil A. & Taylor, Robert A. & Kay, Merlinde, 2017. "Assessment of solar and wind resource synergy in Australia," Applied Energy, Elsevier, vol. 190(C), pages 354-367.
    15. Fan, Ailong & Wang, Junteng & He, Yapeng & Perčić, Maja & Vladimir, Nikola & Yang, Liu, 2021. "Decarbonising inland ship power system: Alternative solution and assessment method," Energy, Elsevier, vol. 226(C).
    16. Xiaoyan Zhang & Ziyi Han & Lang Liu & Xiang Xia & Qingjiang Liu & Yiran Duan & Xuan Wang, 2023. "Experimental Study on Mechanical and Thermal Properties of Backfill Body with Paraffin Added," Energies, MDPI, vol. 17(1), pages 1-13, December.
    17. Blumsack, Seth & Xu, Jianhua, 2011. "Spatial variation of emissions impacts due to renewable energy siting decisions in the Western U.S. under high-renewable penetration scenarios," Energy Policy, Elsevier, vol. 39(11), pages 6962-6971.
    18. Wissem, Zghal & Gueorgui, Kantchev & Hédi, Kchaou, 2012. "Modeling and technical–economic optimization of an autonomous photovoltaic system," Energy, Elsevier, vol. 37(1), pages 263-272.
    19. Lin, Tyrone T. & Huang, Shio-Ling, 2011. "Application of the modified Tobin's q to an uncertain energy-saving project with the real options concept," Energy Policy, Elsevier, vol. 39(1), pages 408-420, January.
    20. Piotr Kułyk & Łukasz Augustowski, 2021. "Economic Profitability of a Hybrid Approach to Powering Residual Households from Natural Sources in Two Wind Zones of the Lubuskie Voivodeship in Poland," Energies, MDPI, vol. 14(21), pages 1-15, October.

    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:jsusta:v:15:y:2023:i:12:p:9584-:d:1171153. 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.