Competitive structure of the energy storage industry

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 makes a country's energy storage potential unique?

Each country’s energy storage potential is based on the combination of energy resources, historical physical infrastructure and electricity market structure, regulatory framework, population demographics, energy-demand patterns and trends, and general grid architecture and condition.

What are the different types of energy storage technologies?

This report covers the following energy storage technologies: lithium-ion batteries, lead–acid batteries, pumped-storage hydropower, compressed-air energy storage, redox flow batteries, hydrogen, building thermal energy storage, and select long-duration energy storage technologies.

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 are the inputs in a storage competition model?

The inputs are the investors’ storage parameters as well as the market price function that we will characterize in Section 3. The key process is computing the Nash equilibrium, which will be introduced in Section 4. Fig. 2. Framework of the storage competition model. 3. Market price function

Can emerging markets benefit from energy storage?

In emerging markets around the world, there is only limited experience with energy storage, yet vast potentials exist to benefit from the technology. Many of these markets share similar energy market dynamics and needs for new resources.