Shared energy storage cloud energy storage

What is shared energy storage (CES)?

CES is a shared energy storage technology that enables users to use the shared energy storage resources composed of centralized or distributed energy storage facilities at any time, anywhere on demand. Users won't need to build their ESS but pay for the energy storage services they obtain.

What is shared energy storage service?

Shared storage service is an effective approach toward a grid with high penetration of renewable energy. The application prospects of shared energy storage services have gained widespread recognition due to the increasing use of renewable energy sources.

What is energy storage cloud?

In the CES model, energy storage resources are put into a sharing pool, which can be called an “energy storage cloud”. Under this situation, energy storage resources and energy storage services will present “cloud” features to users, which include aggregation, collaboration, virtualization, and so on.

Is cloud energy storage a good investment?

Liu et al. introduced cloud energy storage as a shared pool of grid-scale energy storage resources and considered both investment planning and operating decisions . These studies have demonstrated the benefits of sharing energy storage systems by leveraging the complementarity of residential users and economies of scale.

How does energy storage sharing work?

In this energy storage sharing model, the profits of users come from electricity bill savings, while the system operator gains profits from the difference between the energy storage installation cost and the service fees.

Can shared community energy storage systems be used in residential areas?

A novel energy cooperation framework was proposed to operate and distribute profits from shared community energy storage systems in residential areas . Mediwaththe et al. conducted a study on SES-based demand side management in a neighborhood network, demonstrating the benefits for the SES provider, users, and electricity retailer .