Energy Communities: A review on trends, energy system modelling, business models, and optimisation objectives

Barabino, Edoardo; Fioriti, Davide; Guerrazzi, Emanuele; Mariuzzo, Ivan; Poli, Davide; Raugi, Marco; Razaei, Ehsan; Schito, Eva; Thomopulos, Dimitri

doi:10.1016/j.segan.2023.101187

Cited by 11 publications

(2 citation statements)

References 132 publications

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“…Some explore peer-to-peer trading, demand-side management, and REC composition and configuration [22][23][24][25][26][27]. The primary research question concerns the economic conditions necessary for REC viability and how stakeholders contribute to community sustainability [19,20,27,28]. While economic evaluations in these studies rely on energy simulations, few delve into the role of the battery.…”

Section: Legislative Framework and Literature Reviewmentioning

confidence: 99%

Community Battery for Collective Self-Consumption and Energy Arbitrage: Independence Growth vs. Investment Cost-Effectiveness

Pasqui,

Becchi,

Bindi

et al. 2024

Sustainability

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Integrating a grid-connected battery into a renewable energy community amplifies the collective self-consumption of photovoltaic energy and facilitates energy arbitrage in the electricity markets. However, how much can energy independence really increase? Is it a cost-effective investment? The answer to these questions represents a novelty in the literature due to the innovative nature of the asset under consideration and the market and regulatory framework in which it is evaluated. Employing a net present value assessment, our analysis incorporated aging effects and conducts sensitivity analyses across various parameters: the number of community customers, electricity market prices, battery cost and size, and the decision to engage in energy arbitrage. Each scenario underwent a 20-year hourly simulation using an aging-aware rolling-horizon 24 h-looking-ahead scheduling, optimized with mixed-integer linear programming. Simulations conducted on the Italian market indicate that dedicating a battery solely to collective self-consumption is the most efficient solution for promoting a community’s energy independence, but it lacks economic appeal. However, integrating energy arbitrage, despite slight compromises in self-sufficiency and battery longevity, halves the payback period and enhances the attractiveness of larger battery investments. The net present value is contingent upon the battery size, customer number, and market prices. Nevertheless, if the battery cost does not exceed 200 EUR/kWh, the investment becomes cost-effective across all scenarios.

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Section: Legislative Framework and Literature Reviewmentioning

confidence: 99%

Community Battery for Collective Self-Consumption and Energy Arbitrage: Independence Growth vs. Investment Cost-Effectiveness

Pasqui,

Becchi,

Bindi

et al. 2024

Sustainability

View full text Add to dashboard Cite

show abstract

“…So, to find the least cost and most efficient storage to approach a Smart Energy System, it is requisite to look at the proper use of storage. Likewise, electric vehicles can be used as electrical fuel storage (Faiz et al 2016), (Tomc & Vassallo 2016), (Krajačić et al 2011), (Barabino et al 2023). As one of the significant problems using solar energy is energy variation at daytime and nonexistence at dark times of day, solar energy storage systems are one of the constant energy problem solvers.…”

Section: Criterionmentioning

confidence: 99%

Sustainable innovative technology solutions for the energy sector

Bazienė,

Gargasas

2023

JESI

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Innovation is a process by which new ideas, technologies, or developments from different fields are turned into abilities, implemented in the market, and can be reached by any person in the world. That is also called technology-based innovation. Primarily, an innovative product means a product that encourages the establishment of new niches for the market or is significantly different from past products. At the same time, innovative products can be reached without changing the product's principal technological scheme but by improving the quality of the product. For now, Europe still needs to provide itself with energy resources fully. It imports 60.3% of gas, 41.2% of solid fuels, and 82.6% of oil. Still, for example, a World oil production peak could occur in the next ten to fifteen years if it has not already happened, and decisions to be made soon will have a significant impact on our quality of life over the coming decades. The need for energy is divided into sectors like industrial, power generation, transportation, domestic, and commercial, and it generates emissions in the air. Researchers try to foresee the right actions through different calculations, models, analyses, monitoring, policy research, and exploration of various acts from society, economy, and available technologies. This work aims to create a system dynamics model that can capture the dynamics of innovative energy technology development and its impact on the production, distribution, and demand side of the energy system. The focus of the model is on renewable energy technologies, distributed generation and storage systems, and smart energy systems that help to reduce the carbon intensity of the energy supply. A posed hypothesis of the work is that in the future, more and more requests will be for renewable energy sources. As demand increases, the energy cost will reduce, creating a more considerable source demand. Households could be as well as energy consumers as producers. Due to the vital role of energy in manufacturing, saving energy should be included as an essential element of production plans, especially for manufacturing plants that are energy-intensive. To predict the possibilities, of what can reduce impact on the environment, different analyses should be done to reach a concrete action plan that is directed to energy sustainability. A system dynamics model that can capture the dynamics of innovative energy technology development and its impact on the production, distribution, and demand side of the energy system. The focus of the model is on renewable energy technologies, distributed generation and storage systems, and smart energy systems that help to reduce the carbon intensity of the energy supply. Afterwards, the model can be used for testing in different countries.

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Designing aggregation criteria for end-users integration in energy communities: Energy and economic optimisation based on hybrid neural networks models

Barone,

Buonomano,

Cipolla

et al. 2024

Applied Energy

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Energy Communities: A review on trends, energy system modelling, business models, and optimisation objectives

Cited by 11 publications

References 132 publications

Community Battery for Collective Self-Consumption and Energy Arbitrage: Independence Growth vs. Investment Cost-Effectiveness

Community Battery for Collective Self-Consumption and Energy Arbitrage: Independence Growth vs. Investment Cost-Effectiveness

Sustainable innovative technology solutions for the energy sector

Designing aggregation criteria for end-users integration in energy communities: Energy and economic optimisation based on hybrid neural networks models

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