The significance of panama city energy storage group s strategy

Can energy storage be a strategic investment under competition?

These market dynamics serve as a motivation for this study to understand strategic investments in energy storage under competition, taking into account storage impact on the market price. Our work uses energy arbitrage as a test case with the intent to explore additional services in the future.

What are the different storage technologies in power grids?

When it comes to the economics of different storage technologies in power grids, there have been substantial works on one single technology, e.g., the Li-ion batteries , , flow batteries , , and compressed air energy storage , .

What is the value of energy storage?

1. Introduction The value of energy storage has been well catalogued for the power sector, where storage can provide a range of services (e.g., load shifting, frequency regulation, generation backup, transmission support) to the power grid and generate revenues for investors .

How will the global stationary storage market perform in 2035?

The global stationary storage market is expected to increase from $9.1B and 15.2 GWh in 2019 to $111.8B and 222.7 GWh in 2035 . Now, although the expected economic performance of energy storage seems promising, markets still face concerns of diminishing revenues in the long run.

Are investors allowed to deploy different energy storage technologies?

Investors are allowed to deploy different energy storage technologies. Analytically, we show that an increasing number of investors will increase the market competition thereby reducing profits while increasing the total capacity of storage deployed.

Do storage investors compete in deregulated electricity markets?

In practice, storage investors usually compete in deregulated electricity markets in a non-cooperative manner, a setting that is more challenging to model and analyze. Qin et al. studied strategic storage investment among non-cooperative investors. This work is most closely related to ours. Our work differs from in several crucial ways.