Shared energy storage capacity rental price

Are shared energy resources better than private energy storage?

We demonstrate the advantages of using shared as opposed to private energy storage. Distributed Energy Resources have been playing an increasingly important role in smart grids. Distributed Energy Resources consist primarily of energy generation and storage systems utilized by individual households or shared among them as a community.

What is community energy storage?

In contrast to individual energy storage, the field of community energy storage (CES) is now gaining more attention in various countries. We note that a community is a medium size neighborhood within a given geographical region that contains several households and that can share resources.

Are community energy storage systems fair?

However, the fairness of utilizing the community energy storage system should be considered in the allocation phase, in other words, it might cause problems if the ratio of charging and discharging is not satisfactory in a given community, causing some households to always provide power to other households.

What are the ownership rates of PV systems & energy storage?

The ownership rates of PV systems and energy storage are varied between 0% and 100% to simulate different scenarios and to test the impact of different ownership rates on the system’s design and performance.

Should community energy storage be used instead of private energy storage?

Computational results are presented on two real use cases in the cities of Ennis, Ireland and Waterloo, Canada, to show the advantage of using community energy storage as opposed to private energy storage and to evaluate the cost savings which can facilitate future deployment of community energy storage.

What are distributed energy resources?

Distributed Energy Resources consist primarily of energy generation and storage systems utilized by individual households or shared among them as a community. In contrast to individual energy storage, the field of community energy storage is now gaining more attention in various countries.