Feasibility Study Report on Energy Storage Applications

What factors affect the financial feasibility of energy storage systems?

Furthermore, another factor that affects the capacity and subsequently the financial feasibility of energy storage systems is the size and location of the modelled solar PV system.

Is energy storage economically feasible?

Since none of the reviewed storage is economically feasible, the energy price modification required to achieve feasibility are estimated. Based on such results, the distance between the current situation and the one favourable to storage is assessed. In this way, the future outlook of each storage technology is discussed. 1. Introduction

Does economic feasibility affect res widespread?

Since the economic feasibility is often considered the primary limiting factor to storage widespread, and thus to RES widespread, the collected data will be used to assess the economic feasibility of each storage technology in a representative case study, i.e. the Italian electric grid in the year 2019.

Which energy storage technology is most financially feasible?

It was also shown that out of the considered energy storage technologies, LIB storage is the most financially feasible storage technology in small-scale applications with a LCOE close to the that of solar PV systems in some scenarios.

Should energy storage systems be model studies?

They should be treated as model studies that can be replicated by the user for their own purposes. Additionally, they are a clear cross-section of highly relevant, contemporary use cases for energy storage systems that exemplify how valuable the flexibility they offer can be.

When will storage become feasible?

In other words, storage may become feasible if the energy prices on the market change towards more beneficial configurations for the storage itself. Such a transformation may be dictated by substantial changes in the production mix or demand daily pattern, which may potentially occur due to the introduction of sizable additional RES capacity.