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    REVIEW

    Market Operation of Energy Storage System in Smart Grid: A Review

    Li Deng1, Jiafei Huan1, Wei Wang1, Weitao Zhang1, Liangbin Xie2, Lun Dong2, Jingrong Guo2, Zhongping Li2, Yuan Huang2,*, Yue Xiang2

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

    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 >

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