Enabling Competing Energy Storage Technologies: Towards a Carbon-Neutral Power System

Aristides E. Kiprakis, Maximilian Parzen, Davide Fioriti

Research output: Contribution to conferenceAbstractpeer-review

Abstract / Description of output

Assessment of energy storage technologies at a macro-scale for grid integration, has often focused on singular technologies and neglected competition between them, thus leaving out of the optimization the decision of which energy storage to prioritize. We present a systematic deployment analysis method that enables system-value evaluation in perfect competitive markets and demonstrate its application to 20 different energy storage technologies across 40 distinct scenarios for a representative future power system in Africa. Our results demonstrate the significant benefits of optimizing energy storage with competition compared to without (+10% cost savings) and highlight the relevance of several energy storage technologies in various scenarios. This work provides insights into the role of multi-technology energy storage in carbon-neutral power systems and informs future research and policy decisions.
Original languageEnglish
Number of pages2
Publication statusPublished - 22 Oct 2023
EventThe 1st International Conference on Carbon Neutrality - Shanghai, China
Duration: 20 Oct 202322 Oct 2023
Conference number: 1
https://iccn-2023.sjtu.edu.cn/

Conference

ConferenceThe 1st International Conference on Carbon Neutrality
Abbreviated titleICCN-2023
Country/TerritoryChina
CityShanghai
Period20/10/2322/10/23
Internet address

Keywords / Materials (for Non-textual outputs)

  • Energy modelling
  • Energy storage
  • Optimization
  • Technology evaluation
  • Variable renewable energy

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