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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.
Even if the energy storage has many prospective markets, high cost, insufficient subsidy policy, indeterminate price mechanism and business model are still the key challenges.
Due to rapid development of energy storage technology, the research and demonstration of energy storage are expanding from small-scale towards large-scale. United States, Japan, the European Union have proposed a series of policies for applications of energy storage technology to promote and support industrial development [12 – 16].
Judging from the present condition, cost problem is the main barrier. And the high performance and high security of the relative technology still need to be improved. Until 2020, energy storage industry in China may not be spread massively and the key point during this period is the technology research .
The development and expansion of energy storage technology not only depend on the improvement in storage characteristics, operational control and management strategy, but also requires the cost reduction and the supports from long-term, positive stable market and policy to guide and support the healthy development of energy storage industry.
Currently, because of the high cost of energy storage devices and small size of sales and parts procurement, energy storage is now hard to achieve scale economic effect.
Real-World Implementations Across Diverse Sectors
Energy storage is the key to facilitating the development of smart electric grids and renewable energy (Kaldellis and Zafirakis, 2007; Zame et al., 2018).Electric demand is unstable during …
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Get Price >>The challenges of large-scale energy storage application in power systems are presented from the aspect of technical and economic considerations. Meanwhile the …
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