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Considerations on the choice of a storage system

Considerations on the choice of a storage system

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Energy storage usage is being restrained by a lack of regulation to guide utilities and investors. There is no overall strategy of the incorporation of energy storage technique and methods into the power systems particularly in those with separation of transmission and generation. Energy storage benefits both generation and transmission companies, distributed energy storage benefits end users and this immediately leads to confusion concerning the question of energy storage control. This situation leaves utilities and investors uncertain as to how investments in energy storage should be treated and how costs could be recovered, so neither is willing to invest. The technology should be given more financial and institutional support - alike renewable energy technologies - in order to encourage the construction of storage plant. A slightly simplified rule states that storing heat saves energy while storing electricity saves capital investment. Since the energy industry on a global basis faces a resource crisis, both in respect of primary energy and capital investment, there are good reasons for investigating the storage of low -quality as well as high quality energy.

Chapter Contents:

  • 13.1 Comparison of storage techniques

Inspec keywords: power system economics; thermal energy storage

Other keywords: energy storage control; energy storage usage; transmission companies; storage plant construction; high quality energy; capital investment; energy industry; low-quality energy; generation companies; distributed energy storage; heat storage; renewable energy technologies; power systems; financial support; institutional support

Subjects: Power system management, operation and economics; Storage in thermal energy

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