Lai, CS orcid.org/0000-0002-4169-4438, Tao, Y, Lai, LL et al. (3 more authors) (2019) A Review on Techno-Economics and Financing for Grid Energy Storage Systems. In: 2019 IEEE 28th International Symposium on Industrial Electronics. ISIE 2019, 12-14 Jun 2019, Vancouver, BC, Canada. IEEE , pp. 1613-1619. ISBN 9781728136660
Abstract
Several renewable energies such as wind and solar are intermittent. To increase renewable energy penetration, Electrical Energy Storage (EES) systems are becoming increasingly important. There is an increasing need for wide deployment of EES from generation to distribution systems. This requires relevant financial resources, and economics and finance are the important factors to determine if installing EES is profitable. Hence, this paper reviews the recent economics and financial analyses performed for EES in the energy system context. The paper begins with examining the EES technologies. Then, the difference between energy economics and finance are explained. The recent EES techno-economic studies and financial studies are reviewed. Under the uncertain economic, financing, and technical environment, it is important to examine EES projects with real options analysis. Finally, the paper concludes with future research directions for EES finance and economics.
Metadata
Item Type: | Proceedings Paper |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2019, IEEE. Personal use of this material is permitted. Permission from IEEE must be obtained for all other uses, in any current or future media, including reprinting/republishing this material for advertising or promotional purposes, creating new collective works, for resale or redistribution to servers or lists, or reuse of any copyrighted component of this work in other works. |
Keywords: | Energy storage; financing; real options; techno-economics |
Dates: |
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Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Engineering & Physical Sciences (Leeds) > School of Civil Engineering (Leeds) |
Depositing User: | Symplectic Publications |
Date Deposited: | 03 Sep 2019 11:50 |
Last Modified: | 23 Sep 2019 08:20 |
Status: | Published |
Publisher: | IEEE |
Identification Number: | 10.1109/ISIE.2019.8781125 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:150314 |