14th IEEE PowerTech Conference - PowerTech 2021, Madrid (Spain) Online. 27 June - 02 July 2021
Summary:
Energy storage systems are bound to play a critical role in the transition towards a decarbonized power sector with high shares of variable renewables. However, an open question is whether all storage capacity that is needed will be profitable under the current market paradigm. In this paper, we assess how the profitability of energy storage systems is affected by the increasing penetration of variable renewables. Moreover, we discuss the potentially detrimental effects of strategic storage capacity withholding on system
costs, renewable penetration and the profitability of all technologies.
Keywords: Energy storage systems, expansion planning, profitability, renewable penetration
DOI: 
https://doi.org/10.1109/PowerTech46648.2021.9494776
Published in 2021 IEEE Madrid PowerTech, pp: 1-6, ISBN: 978-1-6654-1173-8
Publication date: 2021-06-27.
Citation:
S. Wogrin, D.A. Tejada, S. Delikaraoglou, A. Botterud, Show me the money! Profitability of energy storage systems in low-carbon power systems, 14th IEEE PowerTech Conference - PowerTech 2021, Madrid (Spain) Online. 27 June - 02 July 2021. In: 2021 IEEE Madrid PowerTech: Conference proceedings, ISBN: 978-1-6654-1173-8
