However, the power system is facing the problem of deteriorating power quality and decreasing power security level due to the volatility and randomness of renewable energy generation . Power generation-side energy storage systems (ESS) with a fast response rate and high regulation accuracy have become essential to solving this problem .
Chen et al. combined evolutionary game theory with real options to develop an investment decision model for microgrids with ESS, and applied it to guide ESS subsidy policies for microgrids. The results of the study showed that price subsidies had the most significant impact on investment in ESS projects.
The study considers investors'' continuous capacity investment in generation-side ESS projects under both electricity price and subsidy policy uncertainties. Assume that the ESS project has an installed capacity of q and is gradually completed through n stages of sequential investment.
A real options model for sequential investment in energy storage is developed. Policy uncertainty of subsidy retraction, provision or transformation is considered. Sequential investment promotes earlier project deployment than lumpy investment. Retraction has a greater impact on investment than the provision of subsidies.
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Method The paper studied the application scenarios of energy storage on the power generation side, grid side, and user side, analyzed the economic benefits and income …
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Energy storage systems (ESS) are crucial for addressing the intermittent nature of renewable energy, and improving the flexibility of power systems. However, the uncertainties …
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To address the challenges posed to the secure and reliable operation of the power grid under the “dual-carbon” goals, an optimal planning and investment return analysis method …
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Grid-side energy storage is an indispensable part of the future power system, and its market scale development is at a critical stage. To accelerate the development of the …
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However, investments in grid-side energy storage typically involve large-scale deployments, high initial construction costs, and certain financial and technical risks. …
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New energy-storage systems play a pivotal role in the development of the new power system for advancing the energy transition in China. In the “14th Five-Year Plan” for the …
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To address the challenges posed to the secure and reliable operation of the power grid under the “dual-carbon” goals, an optimal planning and investment return analysis method for grid-side …
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Energy storage, as a flexible resource, plays a supporting role in multiple scenarios on the grid side. Based on the theory of externalities, a comprehensive review of the …
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To promote the consumption of renewable energy, the traditional grid is being transformed into a complex grid with integrated source–grid–load–storage. Since the complex …
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