Energy storage is the capture of energy produced at one time for use at a later time. A device that stores energy is sometimes called an accumulator. Energy comes in multiple forms including radiation, chemical, gravitational potential, electrical potential, electricity, elevated temperature, latent heat and kinetic. Energy storage involves converting energy from forms that are difficult to store to more conveniently or economically storable forms. Bulk energy storage is dominated by pumped hydro, which accounts for 99% of global energy storage.
Some technologies provide short-term energy storage, while others can endure for much longer.
A wind-up clock stores potential energy (in this case mechanical, in the spring tension), a rechargeable battery stores readily convertible chemical energy to operate a mobile phone, and a hydroelectric dam stores energy in a reservoir as gravitational potential energy. Fossil fuels such as coal and gasoline store ancient energy derived from sunlight by organisms that later died, became buried and over time were then converted into these fuels. Food (which is made by the same process as fossil fuels) is a form of energy stored in chemical form.
Ice storage tanks store ice frozen by cheaper energy at night to meet peak daytime demand for cooling. The energy isn't stored directly, but the work-product of consuming energy (pumping away heat) is stored, having the equivalent effect on daytime consumption.
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History
Prehistory
The energy present at the initial formation of the universe is stored in stars such as the Sun, and is used by humans directly (e.g. through solar heating or sun tanning), or indirectly (e.g. by growing crops, consuming photosynthesized plants or conversion into electricity in solar cells).
As a purposeful activity, energy storage has existed since pre-history, though it was often not explicitly recognized as such. An example of mechanical energy storage is the use of logs or boulders as defensive measures in ancient forts--the logs or boulders were collected at the top of a hill or wall, and the energy thus stored was used to attack invaders who came within range. Certainly, storing dried wood or another source for fire, or preserving edible food or seeds, in dry or cool areas such as in a cave, under rocks or underground, serves as other examples of energy storage.
Recent History
In the twentieth century grid electrical power was largely generated by burning fossil fuel. When less power was required, less fuel was burned. Concerns with air pollution, energy imports and global warming have spawned the growth of renewable energy such as solar and wind power. Wind power is uncontrolled and may be generating at a time when no additional power is needed. Solar power varies with cloud cover and at best is only available during daylight hours, while demand often peaks after sunset (see duck curve). Interest in storing power from these intermittent sources grows as the renewable energy industry begins to generate a larger fraction of overall energy consumption.
Off grid electrical use was a niche market in the twentieth century, but in the twenty first century it has expanded. Portable devices are in use all over the world. Solar panels are now a common sight in the rural settings worldwide. Access to electricity is now a question of economics, not location. Powering transportation without burning fuel, however, remains in development.
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Methods
Outline
The following list includes natural and other non-commercial types of energy storage. in addition to those designed for use in industry and commerce:
Mechanical storage
Energy can be stored in water pumped to a higher elevation using pumped storage methods and also by moving solid matter to higher locations. Other commercial mechanical methods include compressing air and flywheels that convert electric energy into kinetic energy and then back again when electrical demand peaks.
Hydroelectricity
Hydroelectric dams with reservoirs can be operated to provide peak generation at times of peak demand. Water is stored in the reservoir during periods of low demand and released when demand is high. The net effect is similar to pumped storage, but without the pumping loss.
While a hydroelectric dam does not directly store energy from other generating units, it behaves equivalently by lowering output in periods of excess electricity from other sources. In this mode, dams are one of the most efficient forms of energy storage, because only the timing of its generation changes. Hydroelectric turbines have a start-up time on the order of a few minutes.
Pumped-storage
Worldwide, pumped-storage hydroelectricity (PSH) is the largest-capacity form of active grid energy storage available, and, as of March 2012, the Electric Power Research Institute (EPRI) reports that PSH accounts for more than 99% of bulk storage capacity worldwide, representing around 127,000 MW. PSH reported energy efficiency varies in practice between 70% and 80%, with claims of up to 87%.
At times of low electrical demand, excess generation capacity is used to pump water from a lower source into a higher reservoir. When demand grows, water is released back into a lower reservoir (or waterway or body of water) through a turbine, generating electricity. Reversible turbine-generator assemblies act as both a pump and turbine (usually a Francis turbine design). Nearly all facilities use the height difference between two water bodies. Pure pumped-storage plants shift the water between reservoirs, while the "pump-back" approach is a combination of pumped storage and conventional hydroelectric plants that use natural stream-flow.
Compressed air
Compressed air energy storage (CAES) uses surplus energy to compress air for subsequent electricity generation. Small scale systems have long been used in such applications as propulsion of mine locomotives. The compressed air is stored in an underground reservoir.
Compression of air creates heat; the air is warmer after compression. Expansion requires heat. If no extra heat is added, the air will be much colder after expansion. If the heat generated during compression can be stored and used during expansion, efficiency improves considerably. A CAES system can deal with the heat in three ways. Air storage can be adiabatic, diabatic, or isothermal. Another approach uses compressed air to power vehicles.
Flywheel energy storage
Flywheel energy storage (FES) works by accelerating a rotor (flywheel) to a very high speed, holding energy as rotational energy. When energy is extracted, the flywheel's rotational speed declines as a consequence of conservation of energy; adding energy correspondingly results in an increase in the speed of the flywheel.
Most FES systems use electricity to accelerate and decelerate the flywheel, but devices that directly use mechanical energy are under consideration.
FES systems have rotors made of high strength carbon-fiber composites, suspended by magnetic bearings and spinning at speeds from 20,000 to over 50,000 rpm in a vacuum enclosure. Such flywheels can reach maximum speed ("charge") in a matter of minutes. The flywheel system is connected to a combination electric motor/generator.
FES systems have relatively long lifetimes (lasting decades with little or no maintenance; full-cycle lifetimes quoted for flywheels range from in excess of 105, up to 107, cycles of use), high energy density (100-130 W·h/kg, or 360-500 kJ/kg) and power density.
Gravitational potential energy storage with solid masses
Changing the altitude of solid masses can store or release energy via an elevating system driven by an electric motor/generator.
Companies such as Energy Cache and Advanced Rail Energy Storage (ARES) are working on this. ARES uses rails to move concrete weights up and down. Stratosolar proposes to use winches supported by buoyant platforms at an altitude of 20 kilometers, to raise and lower solid masses. Sink Float Solutions proposes to use winches supported by an ocean barge for taking advantage of a 4 km (13,000 ft) elevation difference between the surface and the seabed. ARES estimated a capital cost for the storage capacity of around 60% of pump storage hydroelectricity, Stratosolar $100/kWh and Sink Float Solutions $25/kWh (4000 m depth) and $50/kWh (with 2000 m depth).
Potential energy storage or gravity energy storage was under active development in 2013 in association with the California Independent System Operator. It examined the movement of earth-filled hopper rail cars driven by electric locomotives) from lower to higher elevations.
ARES claimed advantages including indefinite storage with no energy losses, low costs when earth/rocks are used and conservation of water resources.
Thermal storage
Thermal storage is the temporary storage or removal of heat. TES is practical because of water's large heat of fusion: the melting of one metric ton of ice (approximately one cubic metre in size) can capture 334 megajoules [MJ] (317,000 BTU) of thermal energy.
An example is Alberta, Canada's Drake Landing Solar Community, for which 97% of the year-round heat is provided by solar-thermal collectors on the garage roofs, with a borehole thermal energy store (BTES) being the enabling technology. STES projects often have paybacks in the four-to-six year range. In Braestrup, Denmark, the community's solar district heating system also utilizes STES, at a storage temperature of 65 °C (149 °F). A heat pump, which is run only when there is surplus wind power available on the national grid, is used to raise the temperature to 80 °C (176 °F) for distribution. When surplus wind generated electricity is not available, a gas-fired boiler is used. Twenty percent of Braestrup's heat is solar.
Latent heat thermal energy storage (LHTES)
Latent heat thermal energy storage systems works with materials with high latent heat (heat of fusion) capacity, known as phase change materials (PCMs). The main advantage of these materials is that their latent heat storage capacity is much more than sensible heat. In a specific temperature range, phase changes from solid to liquid absorbs a large amount of thermal energy for later use.
Electrochemical
Rechargeable battery
A rechargeable battery, comprises one or more electrochemical cells. It is known as a 'secondary cell' because its electrochemical reactions are electrically reversible. Rechargeable batteries come in many different shapes and sizes, ranging from button cells to megawatt grid systems.
Rechargeable batteries have lower total cost of use and environmental impact than non-rechargeable (disposable) batteries. Some rechargeable battery types are available in the same form factors as disposables. Rechargeable batteries have higher initial cost but can be recharged very cheaply and used many times.
Common rechargeable battery chemistries include:
- Lead-acid battery: Lead acid batteries hold the largest market share of electric storage products. A single cell produces about 2V when charged. In the charged state the metallic lead negative electrode and the lead sulfate positive electrode are immersed in a dilute sulfuric acid (H2SO4) electrolyte. In the discharge process electrons are pushed out of the cell as lead sulfate is formed at the negative electrode while the electrolyte is reduced to water.
- Nickel-cadmium battery (NiCd): Uses nickel oxide hydroxide and metallic cadmium as electrodes. Cadmium is a toxic element, and was banned for most uses by the European Union in 2004. Nickel-cadmium batteries have been almost completely replaced by nickel-metal hydride (NiMH) batteries.
- Nickel-metal hydride battery (NiMH): First commercial types were available in 1989. These are now a common consumer and industrial type. The battery has a hydrogen-absorbing alloy for the negative electrode instead of cadmium.
- Lithium-ion battery: The choice in many consumer electronics and have one of the best energy-to-mass ratios and a very slow self-discharge when not in use.
- Lithium-ion polymer battery: These batteries are light in weight and can be made in any shape desired.
Flow battery
A flow battery operates by passing a solution over a membrane where ions are exchanged to charge/discharge the cell. Cell voltage is chemically determined by the Nernst equation and ranges, in practical applications, from 1.0 to 2.2 V. Its storage capacity is a function of the volume of the tanks holding the solution.
A flow battery is technically akin both to a fuel cell and an electrochemical accumulator cell. Commercial applications are for long half-cycle storage such as backup grid power.
Supercapacitor
Supercapacitors, also called electric double-layer capacitors (EDLC) or ultracapacitors, are generic terms for a family of electrochemical capacitors that do not have conventional solid dielectrics. Capacitance is determined by two storage principles, double-layer capacitance and pseudocapacitance.
Supercapacitors bridge the gap between conventional capacitors and rechargeable batteries. They store the most energy per unit volume or mass (energy density) among capacitors. They support up to 10,000 farads/1.2 volt, up to 10,000 times that of electrolytic capacitors, but deliver or accept less than half as much power per unit time (power density).
While supercapacitors have energy densities that are approximately 10% of batteries, their power density is generally 10 to 100 times greater. This results in much shorter charge/discharge cycles. Additionally, they will tolerate many more charge and discharge cycles than batteries.
Supercapacitors support a broad spectrum of applications, including:
- Low supply current for memory backup in static random-access memory (SRAM)
- Power for cars, buses, trains, cranes and elevators, including energy recovery from braking, short-term energy storage and burst-mode power delivery
UltraBattery
The UltraBattery is a hybrid lead-acid cell and carbon-based ultracapacitor (or supercapacitor) invented by Australia's national research body, the Commonwealth Scientific and Industrial Research Organisation (CSIRO). The lead-acid cell and ultracapacitor share the sulfuric acid electrolyte and both are packaged into the same physical unit. The UltraBattery can be manufactured with similar physical and electrical characteristics to conventional lead-acid batteries making it possible to cost-effectively replace many lead-acid applications.
The UltraBattery tolerates high charge and discharge levels and endures large numbers of cycles, outperforming previous lead-acid cells by more than an order of magnitude. In hybrid-electric vehicle tests, millions of cycles have been achieved. The UltraBattery is also highly tolerant to the effects of sulfation compared with traditional lead-acid cells. This means it can operate continuously in partial state of charge whereas traditional lead-acid batteries are generally held at full charge between discharge events. It is generally electrically inefficient to fully charge a lead-acid battery so by decreasing time spent in the top region of charge the UltraBattery achieves high efficiencies, typically between 85 and 95% DC-DC.
The UltraBattery can work across a wide range of applications. The constant cycling and fast charging and discharging necessary for applications such as grid regulation and leveling and electric vehicles can damage chemical batteries, but are well handled by the ultracapacitive qualities of UltraBattery technology. The technology has been installed in Australia and the US on the megawatt scale, performing frequency regulation and renewable smoothing applications.
Other chemical
Power to gas
Power to gas is a technology which converts electricity into a gaseous fuel such as hydrogen or methane. The three commercial methods use electricity to reduce water into hydrogen and oxygen by means of electrolysis.
In the first method, hydrogen is injected into the natural gas grid or is used in transport or industry. The second method is to combine the hydrogen with carbon dioxide to produce methane using a methanation reaction such as the Sabatier reaction, or biological methanation, resulting in an extra energy conversion loss of 8%. The methane may then be fed into the natural gas grid. The third method uses the output gas of a wood gas generator or a biogas plant, after the biogas upgrader is mixed with the hydrogen from the electrolyzer, to upgrade the quality of the biogas.
Hydrogen
The element hydrogen can be a form of stored energy. Hydrogen can produce electricity via a hydrogen fuel cell.
At penetrations below 20% of the grid demand, renewables do not severely change the economics; but beyond about 20% of the total demand, external storage becomes important. If these sources are used to make ionic hydrogen, they can be freely expanded. A 5-year community-based pilot program using wind turbines and hydrogen generators began in 2007 in the remote community of Ramea, Newfoundland and Labrador. A similar project began in 2004 on Utsira, a small Norwegian island.
Energy losses involved in the hydrogen storage cycle come from the electrolysis of water, liquification or compression of the hydrogen and conversion to electricity.
About 50 kW·h (180 MJ) of solar energy is required to produce a kilogram of hydrogen, so the cost of the electricity is crucial. At $0.03/kWh, a common off-peak high-voltage line rate in the United States, hydrogen costs $1.50 a kilogram for the electricity, equivalent to $1.50/gallon for gasoline. Other costs include the electrolyzer plant, hydrogen compressors or liquefaction, storage and transportation.
Underground hydrogen storage is the practice of hydrogen storage in underground caverns, salt domes and depleted oil and gas fields. Large quantities of gaseous hydrogen have been stored in underground caverns by Imperial Chemical Industries for many years without any difficulties. The European Hyunder project indicated in 2013 that storage of wind and solar energy using underground hydrogen would require 85 caverns.
Methane
Methane is the simplest hydrocarbon with the molecular formula CH4. Methane is more easily stored and transported than hydrogen. Storage and combustion infrastructure (pipelines, gasometers, power plants) are mature.
Synthetic natural gas (syngas or SNG) can be created in a multi-step process, starting with hydrogen and oxygen. Hydrogen is then reacted with carbon dioxide in a Sabatier process, producing methane and water. Methane can be stored and later used to produce electricity. The resulting water is recycled, reducing the need for water. In the electrolysis stage oxygen is stored for methane combustion in a pure oxygen environment at an adjacent power plant, eliminating nitrogen oxides.
Methane combustion produces carbon dioxide (CO2) and water. The carbon dioxide can be recycled to boost the Sabatier process and water can be recycled for further electrolysis. Methane production, storage and combustion recycles the reaction products.
The CO2 has economic value as a component of an energy storage vector, not a cost as in carbon capture and storage.
Power to liquid
Power to liquid is similar to power to gas, however the hydrogen produced by electrolysis from wind and solar electricity isn't converted into gases such as methane but into liquids such as methanol. Methanol is easier in handling than gases and requires less safety precautions than hydrogen. It can be used for transportation, including aircraft, but also for industrial purposes or in the power sector.
Biofuels
Various biofuels such as biodiesel, vegetable oil, alcohol fuels, or biomass can replace fossil fuels. Various chemical processes can convert the carbon and hydrogen in coal, natural gas, plant and animal biomass and organic wastes into short hydrocarbons suitable as replacements for existing hydrocarbon fuels. Examples are Fischer-Tropsch diesel, methanol, dimethyl ether and syngas. This diesel source was used extensively in World War II in Germany, which faced limited access to crude oil supplies. South Africa produces most of the country's diesel from coal for similar reasons. A long term oil price above US$35/bbl may make such large scale synthetic liquid fuels economical.
Aluminium, boron, silicon, and zinc
Aluminium, Boron, silicon, lithium, and zinc have been proposed as energy storage solutions.
Electrical methods
Capacitor
A capacitor (originally known as a 'condenser') is a passive two-terminal electrical component used to store energy electrostatically. Practical capacitors vary widely, but all contain at least two electrical conductors (plates) separated by a dielectric (i.e., insulator). A capacitor can store electric energy when disconnected from its charging circuit, so it can be used like a temporary battery, or like other types of rechargeable energy storage system. Capacitors are commonly used in electronic devices to maintain power supply while batteries change. (This prevents loss of information in volatile memory.) Conventional capacitors provide less than 360 joules per kilogram, while a conventional alkaline battery has a density of 590 kJ/kg.
Capacitors store energy in an electrostatic field between their plates. Given a potential difference across the conductors (e.g., when a capacitor is attached across a battery), an electric field develops across the dielectric, causing positive charge (+Q) to collect on one plate and negative charge (-Q) to collect on the other plate. If a battery is attached to a capacitor for a sufficient amount of time, no current can flow through the capacitor. However, if an accelerating or alternating voltage is applied across the leads of the capacitor, a displacement current can flow.
Capacitance is greater given a narrower separation between conductors and when the conductors have a larger surface area. In practice, the dielectric between the plates emits a small amount of leakage current and has an electric field strength limit, known as the breakdown voltage. The conductors and leads introduce undesired inductance and resistance.
Research is assessing the quantum effects of nanoscale capacitors for digital quantum batteries.
Superconducting magnetics
Superconducting magnetic energy storage (SMES) systems store energy in a magnetic field created by the flow of direct current in a superconducting coil that has been cooled to a temperature below its superconducting critical temperature. A typical SMES system includes a superconducting coil, power conditioning system and refrigerator. Once the superconducting coil is charged, the current does not decay and the magnetic energy can be stored indefinitely.
The stored energy can be released to the network by discharging the coil. The associated inverter/rectifier accounts for about 2-3% energy loss in each direction. SMES loses the least amount of electricity in the energy storage process compared to other methods of storing energy. SMES systems offer round-trip efficiency greater than 95%.
Due to the energy requirements of refrigeration and the cost of superconducting wire, SMES is used for short duration storage such as improving power quality. It also has applications in grid balancing.
Interseasonal thermal storage
Seasonal thermal energy storage (STES) allows heat or cold to be used months after it was collected from waste energy or natural sources. The material can be stored in contained aquifers, clusters of boreholes in geological substrates such as sand or crystalline bedrock, in lined pits filled with gravel and water, or water-filled mines.
Applications
Mills
A more recent application is the control of waterways to drive water mills for processing grain or powering machinery. Complex systems of reservoirs and dams were constructed to store and release water (and the potential energy it contained) when required.
Home energy storage
Home energy storage is expected to become increasingly present given the growing importance of distributed generation (especially photovoltaics) and the important share of energy consumption in buildings. A household equipped with photovoltaics can achieve a maximum electricity self-sufficiency of about 40%. To reach higher levels of self-sufficiency, energy storage is needed, given the mismatch between energy consumption and energy production from photovoltaics. In 2015, multiple manufacturers announced rechargeable battery systems for storing energy, generally to hold surplus energy from home solar/wind generation.
Tesla Motors announced the first two models of the Tesla Powerwall. One is a 10 kWh weekly cycle version for backup applications and the other is a 7 kWh version for daily cycle applications.
Enphase Energy announced an integrated system that allows home users to store, monitor and manage electricity. The system stores 1.2 kWh hours of energy and 275W/500W power output.
Grid electricity
Renewable energy storage
The largest source and the greatest store of renewable energy is provided by hydroelectric dams. A large reservoir behind a dam can store enough water to average the annual flow of a river between dry and wet seasons. A very large reservoir can store enough water to average the flow of a river between dry and wet years. While a hydroelectric dam does not directly store energy from intermittent sources, it does balance the grid by lowering its output and retaining its water when power is generated by solar or wind. If wind or solar generation exceeds the regions hydroelectric capacity, then some additional source of energy will be needed.
Many renewable energy sources (notably solar and wind) produce variable power. Storage systems can level out the imbalances between supply and demand that this causes. Electricity must be used as it is generated or converted immediately into storable forms.
The main method of electrical grid storage is pumped-storage hydroelectricity. Areas of the world such as Norway, Wales, Japan and the US have used elevated geographic features for reservoirs, using electrically powered pumps to fill them. When needed, the water passes through generators and converts the gravitational potential of the falling water into electricity. Pumped storage in Norway, which gets almost all its electricity from hydro, has an instantaneous capacity of 25-30 GW expandable to 60 GW--enough to be "Europe's battery".
Some forms of storage that produce electricity include pumped-storage hydroelectric dams, rechargeable batteries, thermal storage including molten salts which can efficiently store and release very large quantities of heat energy, and compressed air energy storage, flywheels, cryogenic systems and superconducting magnetic coils.
Surplus power can also be converted into methane (sabatier process) with stockage in the natural gas network.
In 2011, the Bonneville Power Administration in Northwestern United States created an experimental program to absorb excess wind and hydro power generated at night or during stormy periods that are accompanied by high winds. Under central control, home appliances absorb surplus energy by heating ceramic bricks in special space heaters to hundreds of degrees and by boosting the temperature of modified hot water heater tanks. After charging, the appliances provide home heating and hot water as needed. The experimental system was created as a result of a severe 2010 storm that overproduced renewable energy to the extent that all conventional power sources were shut down, or in the case of a nuclear power plant, reduced to its lowest possible operating level, leaving a large area running almost completely on renewable energy.
Another advanced method used at the former Solar Two project in the United States and the Solar Tres Power Tower in Spain uses molten salt to store thermal energy captured from the sun and then convert it and dispatch it as electrical power. The system pumps molten salt through a tower or other special conduits to be heated by the sun. Insulated tanks store the solution. Electricity is produced by turning water to steam that is fed to turbines.
Since the early 21st century batteries have been applied to utility scale load-leveling and frequency regulation capabilities.
In vehicle-to-grid storage, electric vehicles that are plugged into the energy grid can deliver stored electrical energy from their batteries into the grid when needed.
Generation
Chemical fuels remain the dominant form of energy storage for electricity generation. Natural gas is crowding out other forms, such as oil and coal.
Air conditioning
Thermal energy storage (TES) can be used for air conditioning. It is most widely used for cooling single large buildings and/or groups of smaller buildings. Commercial air conditioning systems are the biggest contributors to peak electrical loads. In 2009, thermal storage was used in over 3,300 buildings in over 35 countries. It works by creating ice at night and using the ice to for cooling during the hotter daytime periods.
The most popular technique is ice storage, which requires less space than water and is less costly than fuel cells or flywheels. In this application, a standard chiller runs at night to produce an ice pile. Water then circulates through the pile during the day to chill water that would normally be the chiller's daytime output.
A partial storage system minimizes capital investment by running the chillers nearly 24 hours a day. At night, they produce ice for storage and during the day they chill water. Water circulating through the melting ice augments the production of chilled water. Such a system makes ice for 16 to 18 hours a day and melts ice for six hours a day. Capital expenditures are reduced because the chillers can be just 40 - 50% of the size needed for a conventional, no-storage design. Storage sufficient to store half a day's available heat is usually adequate.
A full storage system shuts off the chillers during peak load hours. Capital costs are higher, as such a system requires larger chillers and a larger ice storage system.
This ice is produced when electrical utility rates are lower. Off-peak cooling systems can lower energy costs. The U.S. Green Building Council has developed the Leadership in Energy and Environmental Design (LEED) program to encourage the design of reduced-environmental impact buildings. Off-peak cooling may help toward LEED Certification.
Thermal storage for heating is less common than for cooling. An example of thermal storage is storing solar heat to be used for heating at night.
Latent heat can also be stored in technical phase change materials (PCMs). These can be encapsulated in wall and ceiling panels, to moderate room temperatures.
Transport
Liquid hydrocarbon fuels are the most commonly used forms of energy storage for use in transportation. Other energy carriers such as hydrogen can be used to avoid producing greenhouse gases.
Electronics
Capacitors are widely used in electronic circuits for blocking direct current while allowing alternating current to pass. In analog filter networks, they smooth the output of power supplies. In resonant circuits they tune radios to particular frequencies. In electric power transmission systems they stabilize voltage and power flow.
Use cases
The United States Department of Energy International Energy Storage Database (IESDB), is a free-access database of energy storage projects and policies funded by the United States Department of Energy Office of Electricity and Sandia National Labs.
Storage capacity
Storage capacity is the amount of energy extracted from a power plant energy storage system; usually measured in joules or kilowatt-hours and their multiples, it may be given in number of hours of electricity production at power plant nameplate capacity; when storage is of primary type (i.e., thermal or pumped-water), output is sourced only with the power plant embedded storage system.
Economics
The economics of Energy Storage strictly depends on the reserve service requested, and several uncertainty factors affect the profitability of Energy Storage. Therefore, not every Energy Storage is technically and economically suitable for the storage of several MWh, and the optimal size of the Energy Storage is market and location dependent.
Moreover, ESS are affected by several risks, e.g.:
1) techno-economic risks, which are related to the specific technology;
2) Market risks, which are the factors that affect the electricity supply system;
3) Regulation and policy risks.
Therefore, traditional techniques based on deterministic Discounted Cash Flow (DCF) for the investment appraisal are not fully adequate to evaluate these risks and uncertainties and the investor's flexibility to deal with them. Hence, the literature recommends to assess the value of risks and uncertainties through the Real Option Analysis (ROA), which is a valuable method in uncertain contexts.
The economic valuation of large-scale applications (including pumped hydro storage and compressed air) considers benefits including: wind curtailment avoidance, grid congestion avoidance, price arbitrage and carbon free energy delivery. In one technical assessment by the Carnegie Mellon Electricity Industry Centre, economic goals could be met with batteries if energy storage were achievable at a capital cost of $30 to $50 per kilowatt-hour of storage capacity.
A metric for calculating the energy efficiency of storage systems is Energy Storage On Energy Invested (ESOI) which is the useful energy used to make the storage system divided into the lifetime energy storage. For lithium ion batteries this is around 10, and for lead acid batteries it is about 2. Other forms of storage such as pumped hydroelectric storage generally have higher ESOI, such as 210.
Research
Germany
The German Federal government has allocated EUR200M (approximately US$270M) for advanced research, as well as providing a further EUR50M to subsidize battery storage for use with residential rooftop solar panels, according to a representative of the German Energy Storage Association.
Siemens AG commissioned a production-research plant to open in 2015 at the Zentrum für Sonnenenergie und Wasserstoff (ZSW, the German Center for Solar Energy and Hydrogen Research in the State of Baden-Württemberg), a university/industry collaboration in Stuttgart, Ulm and Widderstall, staffed by approximately 350 scientists, researchers, engineers, and technicians. The plant develops new near-production manufacturing materials and processes (NPMM&P) using a computerized Supervisory Control and Data Acquisition (SCADA) system. Its goals will enable the expansion of rechargeable battery production with both increased quality and reduced manufacturing costs.
United States
In 2014, research and test centers opened to evaluate energy storage technologies. Among them was the Advanced Systems Test Laboratory at the University of Wisconsin at Madison in Wisconsin State, which partnered with battery manufacturer Johnson Controls. The laboratory was created as part of the university's newly opened Wisconsin Energy Institute. Their goals include the evaluation of state-of-the-art and next generation electric vehicle batteries, including their use as grid supplements.
The State of New York unveiled its New York Battery and Energy Storage Technology (NY-BEST) Test and Commercialization Center at Eastman Business Park in Rochester, New York, at a cost of $23 million for its almost 1,700 m2 laboratory. The center includes the Center for Future Energy Systems, a collaboration between Cornell University of Ithaca, New York and the Rensselaer Polytechnic Institute in Troy, New York. NY-BEST tests, validates and independently certifies diverse forms of energy storage intended for commercial use.
United Kingdom
In the United Kingdom, some fourteen industry and government agencies allied with seven British universities in May 2014 to create the SUPERGEN Energy Storage Hub in order to assist in the coordination of energy storage technology research and development.
Source of the article : Wikipedia
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