Can energy storage be represented in capacity expansion modelling?

Here we conduct an extensive review of literature on the representation of energy storage in capacity expansion modelling. We identify challenges related to enhancing modelling capabilities to inform decarbonization policies and electricity system investments, and to improve societal outcomes throughout the clean energy transition.

Why is capacity expansion modelling important in energy-system decarbonization?

As grid planners, non-profit organizations, non-governmental organizations, policy makers, regulators and other key stakeholders commonly use capacity expansion modelling to inform energy policy and investment decisions, it is crucial that these processes capture the value of energy storage in energy-system decarbonization.

Do storage technologies influence power sector dynamics in capacity expansion models?

The findings reveal the crucial role of storage technologies in power sector dynamics within capacity expansion models. The results emphasize the sensitivity of these models to both time scale and the inclusion of diverse available technologies.

How do capacity expansion models work?

Capacity expansion models operate over the long run to evaluate the future available capacity of power sector technologies, according to the scenario under analysis by performing a constrained economic optimization analysis [20, 23].

Can short-term energy storage technologies be integrated into capacity-expansion-oriented esoms?

This study presented an innovative methodology for integrating short-term energy storage technologies into capacity-expansion-oriented ESOMs. The approach allows enhancing the time scale refinement of integrated ESOMs, incorporating higher granularity in time slice structure, renewable CFs, and specific demand distribution.

Can energy storage technologies help decarbonize the energy system?

The aim is to study the potential role of energy storage technologies coupled with renewable energy sources aiding the decarbonization of the overall energy system.