2020
DOI: 10.1016/j.est.2020.101902
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Energy storage system policies: Way forward and opportunities for emerging economies

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Cited by 44 publications
(50 citation statements)
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“…For instance, Australia and the United States have introduced policies to improve the power systems' stability. Japan aims to provide backup power support during emergency shutdowns due to the damages from natural disasters, Germany adopted policies to promote higher renewable energy integration in the grid, while South Korea aims to reduce peak demand using higher adoption of BESS Lee (2015); Sani et al (2020). Although all policies have a different perspective toward BESS, they are not limited to one specific area and are flexibly operated to provide multiple grid ancillary support.…”
Section: Energy Storage Policies Worldwidementioning
confidence: 99%
“…For instance, Australia and the United States have introduced policies to improve the power systems' stability. Japan aims to provide backup power support during emergency shutdowns due to the damages from natural disasters, Germany adopted policies to promote higher renewable energy integration in the grid, while South Korea aims to reduce peak demand using higher adoption of BESS Lee (2015); Sani et al (2020). Although all policies have a different perspective toward BESS, they are not limited to one specific area and are flexibly operated to provide multiple grid ancillary support.…”
Section: Energy Storage Policies Worldwidementioning
confidence: 99%
“…KfW Bank in cooperation with the German Federal Ministry for economic affairs and energy, has started a nationwide low-interest subsidy and loan program for ESSs integrated with PV systems which are grid-tied. The ministry pays back 30% of the energy system set-up expense, and it is anticipated that the PV system will supply power to the grid as much as 60% of its installed capacity [106].…”
Section: Germanymentioning
confidence: 99%
“…ESS control policies aiming to maximise economic benefits should be formulated while ensuring grid stability [4]. Offline schemes make decisions beforehand by employing the already predicted values and probabilistic or interval characterisation.…”
Section: Industrial Applications and Future Research Trendsmentioning
confidence: 99%
“…Therefore, energy storage systems (ESSs) are generally used to make RES distributed and reliable, smooth the DC bus voltage waveform and output power, improve the dynamic response, compensate for the power fluctuations between generation and load end and guarantee the stability of RES‐based systems [3]. Due to the widespread availability of ESSs for power systems, global ESS installation is projected to reach 40 GW by 2022, representing an exponential increase over the 2017 total of 6 GW [4]. Meanwhile, a 10–20% enhancement in the frequency regulation with the ESS can save $25–50 million to residential, commercial and industrial users [5].…”
Section: Introductionmentioning
confidence: 99%