The challenges of large-scale energy storage application in power systems are presented from the aspect of technical and economic considerations. Meanwhile the development prospect of global energy storage market is forecasted, and application prospect of energy storage is analyzed.
As a result, there is a growing need for enhanced flexibility to maintain stable and reliable operations. This study reviews recent advancements in power system flexibility enhancement, particularly concerning the integration of RESs, with a focus on the critical role of energy storage systems (ESSs) in mitigating these challenges.
The development and commercialization of energy storage technology will have a significant impact on power system in terms of future system model . In recent years, both engineering and academic research have grown at a rapid pace, which lead to many achievements.
It is imperative to acknowledge the pivotal role of energy storage in shaping the future of power systems. Energy storage technologies have gained significant traction owing to their potential to enhance flexibility, reliability, and efficiency within the power sector.
Energy storage in a power system refers to any installation or method, usually subject to independent control, that can store energy generated in the power system, keep it stored, and use it in the power system when necessary.
The energy storage industry faces several notable limitations and gaps that hinder its widespread implementation and integration into power systems. Challenges include the necessity for appropriate market design, regulatory frameworks, and incentives to stimulate investment in energy storage solutions.