Current status of research on enterprise shared energy storage policies

What is the complexity of the energy storage review?

The complexity of the review is based on the analysis of 250+ Information resources. Various types of energy storage systems are included in the review. Technical solutions are associated with process challenges, such as the integration of energy storage systems. Various application domains are considered.

What are energy storage policies?

These policies are mostly concentrated around battery storage system, which is considered to be the fastest growing energy storage technology due to its efficiency, flexibility and rapidly decreasing cost. ESS policies are primarily found in regions with highly developed economies, that have advanced knowledge and expertise in the sector.

How does energy storage sharing work?

In this energy storage sharing model, the profits of users come from electricity bill savings, while the system operator gains profits from the difference between the energy storage installation cost and the service fees.

What is a shared energy storage project?

Based on the centralized lithium iron phosphate batteries and iron-chromium flow batteries, this shared energy storage project of 100MW/200 MWh provides services for neighboring wind power and photovoltaic stations .

When will energy storage become commercialized?

... During this period, the management system, incentive policies and business models of energy storage were mainly explored. It is expected that from 2021 to 2025, energy storage will enter the stage of large-scale development and have the conditions for large-scale commercialization .

Does energy storage play a significant role in smart grids and energy systems?

Abstract: Energy storage (ES) plays a significant role in modern smart grids and energy systems. To facilitate and improve the utilization of ES, appropriate system design and operational strategies should be adopted.