Evaluation of the benefits of shared energy storage

Why is shared energy storage system important?

Shared energy storage system ensures the economic feasibility of all participants. With the rapid development of distributed renewable energy, energy storage system plays an increasingly prominent role in ensuring efficient operation of power system in local communities.

Can shared energy storage system improve user income?

A Shared energy storage system (SESS) has the potential in reducing investment costs, increasing the rate of renewable energy consumption, and facilitating users . In reference , the optimization algorithm of improving user income by optimizing the charging and discharging strategy of SESS is proposed.

What are the economic and operational benefits of energy storage sharing?

Economic and operational benefits of energy storage sharing for a neighborhood of prosumers in adynamic pricing environment Reputation-based joint scheduling of households appliances and storage in a microgrid with a shared battery Load shedding strategies of power supplier considering impact of interruptible loads on spot price

What is a reasonable plan for shared energy storage system?

Therefore, the reasonable plan for shared ESS is the primary task to promote the commercialization of storage sharing mechanism. At present, many scholars have studied the optimal sizing of energy storage system. Linear programming optimization model is a common modeling method to size the energy storage system in energy communities .

Is shared energy storage better than individual energy storage?

The results of the numerical experiments show that shared energy storage has economic and operational benefits over individual energy storage. Specifically, cost savings between 2.53% and 13.82% and energy storage utilization improvements between 3.71% and 38.98% exist when using shared energy storage instead of individual energy storage.

Does a shared storage system have a complementarity of power generation and consumption?

In this context, considering the complementarity of power generation and consumption behavior among different prosumers, this paper proposes an energy storage sharing framework towards a community, to analyze the investment behavior for shared storage system at the design phase and energy interaction among participants at the operation phase.