Nicosia shared energy storage benefits

What is shared energy storage?

Shared energy storage is generally applied in the supply, network, and demand sides of power systems. The shared energy storage at the supply side is mainly utilized for renewable energy consumption ( Zhang et al., 2021 ). The proportion of renewable energy is greatly increasing due to the continuous promotion of "carbon peaking and neutrality".

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.

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.

Why is shared energy storage used in rooftop photovoltaic installations?

The shared energy storage at the load side is employed for power adjustment and price arbitrage (Walker and Kwon, 2021 ). The scale of rooftop photovoltaic installation leads to a certain degree of deterioration for users’ power consumption curve.

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.