Third-party energy storage operators

What is a shared energy storage operator?

With the development of sharing economy theory, an emerging concept, shared energy storage operator, is introduced to invest the energy storage devices and act as a third-party energy servicer . The operator could establish suitable incentive pricing mechanisms as a means of generating profit .

Who uses shared energy storage?

Small and medium-sized industrial/commercial/residential users and grid operators are the main users of shared energy storage ( Brijs et al., 2016; Wang et al., 2018 ). Residential customers are usually prosumers with distributed installed renewable energy.

Can shared energy storage and transactive energy be used in smart grids?

The shared economy as an emerging commercial model has attracted much attention and is widely applied in smart grids. This paper is focused on the state of the art of shared energy storage and transactive energy (TE) which are the typical applications of shared economy in smart grids.

What is a shared Energy Storage pricing mechanism?

The pricing mechanism is a strategy for customizing the price of shared energy storage services under the premise of coordinating the interests of buyers and sellers. It is also the fundamental guarantee of shared energy storage operators' profitability and the reflection of users' willingness to purchase.

What is the revenue model for shared energy storage?

In addition, the shared energy storage measures are adopted in Case 1 and Case 3. The energy trading based on energy price spread is the revenue model for shared energy storage operator. The energy interaction between different regions could also reduce the operation cost of each prosumer.

How does shared energy storage work?

The shared energy storage operator predetermines an energy trading price mechanism and generates profits by hourly interacting with each IES. The prosumers make optimal operation decisions based on the current energy prices, determining whether to engage in energy trading (buying or selling) with the shared energy storage.