Junhui Liu¹, Yihan Zhang¹, Zijian Meng², Meng Yang¹, Yao Lu¹, Zhe Chai¹, Zhaoyuan Wu^2,*

Energy Engineering, Vol.121, No.9, pp. 2409-2434, 2024, DOI:10.32604/ee.2024.051554 - 19 August 2024

Abstract As the Chinese government proposes ambitious plans to promote low-carbon transition, energy storage will play a pivotal role in China’s future power system. However, due to the lack of a mature electricity market environment and corresponding mechanisms, current energy storage in China faces problems such as unclear operational models, insufficient cost recovery mechanisms, and a single investment entity, making it difficult to support the rapid development of the energy storage industry. In contrast, European and American countries have already embarked on certain practices in energy storage operation models. Through exploration of key issues such as… More >

Li Deng¹, Jiafei Huan¹, Wei Wang¹, Weitao Zhang¹, Liangbin Xie², Lun Dong², Jingrong Guo², Zhongping Li², Yuan Huang^2,*, Yue Xiang²

Energy Engineering, Vol.121, No.6, pp. 1403-1437, 2024, DOI:10.32604/ee.2024.046393 - 21 May 2024

Abstract As a flexible resource, energy storage plays an increasingly significant role in stabilizing and supporting the power system, while providing auxiliary services. Still, the current high demand for energy storage contrasts with the fuzzy lack of market-oriented mechanisms for energy storage, the principle of market-oriented operation has not been embodied, and there is no unified and systematic analytical framework for the business model. However, the dispatch management model of energy storage in actual power system operation is not clear. Still, the specific scheduling process and energy storage strategy on the source-load-network side could be more… More >