Abstract
This present chapter aims at positioning storage technologies with respect to the current market designs and regulatory schemes, thus investigating ways and means to ease a cost-effective, market-based deployment and operation, with a special attention paid to Europe. This approach should help in avoiding any a priori opinion favouring long-term investments in storage systems. Indeed, future electricity systems will face challenges such as significant increases in variability and intermittency of generation, the rapid growth of distributed energy/power resources including distributed generation, the penetration of electric vehicles and controllable demand and deployment of smart appliances enabling active demand response. A growing interplay between transmission and distribution levels will then be necessary. Future power systems will therefore need a properly designed, market-based system architecture allowing for decarbonisation while ensuring system reliability and security of supply. Electricity storage is one among several options to provide system services such as capacity firming, back-up capacity, voltage and frequency regulation. Implementing electricity storage solutions thus requires an in-depth understanding of possible services that electricity storage can meet, along with several other grid and generation- and demand-side assets.
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Not all cost components are known: evaluating life-cycle costs is a critical process because of the diversity of solutions within each technology class and of the uncertainty about their life time. Figures are intended to give a general flavour of economics.
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Galant, S., Peirano, E., Debarberis, L. (2013). Electricity Storage: A New Flexibility Option for Future Power Systems. In: Migliavacca, G. (eds) Advanced Technologies for Future Transmission Grids. Power Systems. Springer, London. https://doi.org/10.1007/978-1-4471-4549-3_7
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