Storage economy and markets

Edisson Andrés Villa Ávila; Wilian Paul Arévalo Cordero; Danny Vinicio Ochoa Correa; Michael Villa Ávila; Juan Leonardo Espinoza Abad; Claudio Esteban Albornoz Vintimilla

doi:10.1016/B978-0-443-29871-4.00009-9

Storage economy and markets

Edisson Andrés Villa Ávila (First Author)
, Wilian Paul Arévalo Cordero
, Danny Vinicio Ochoa Correa
, Michael Villa Ávila
, Juan Leonardo Espinoza Abad
, Claudio Esteban Albornoz Vintimilla (Last Author)

University of Jaén
Departamento de Ingeniería Eléctrica, Electrónica y Telecomunicaciones Universidad de Cuenca

Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review

Abstract

Energy storage (ES) is presented as a solution to counteract the challenges associated with the integration of renewable energies (RE) into electrical systems, such as fluctuation and inflexibility. Although its potential to improve the adjustment and regulation capacity in these systems is clear, the specific demand for ES is not yet defined. Additionally, each storage technology offers distinct services that can be adapted to different markets. This study evaluates various storage technologies considering technical, economic, and environmental aspects. However, the intermittent nature of RE continues to pose challenges in meeting energy demands. Despite this, ES is crucial to facilitating the adoption of new energies, such as wind and solar, ensuring a reliable and secure electricity supply, although it is recognized as a costly resource.

Original language	English
Title of host publication	Towards Future Smart Power Systems with High Penetration of Renewables
Subtitle of host publication	Emerging Technologies, New Tools, and Case Studies
Editors	Marcos Tostado-Véliz, Ahmad Rezaee Jordehi, Seyed Amir Mansouri, Andrés Ramos Galán, Francisco Jurado Melguizo
Publisher	Elsevier, Academic Press
Pages	187-209
Number of pages	23
Edition	primera
ISBN (Electronic)	978-044329871-4
ISBN (Print)	978-044329872-1
DOIs	https://doi.org/10.1016/B978-0-443-29871-4.00009-9
State	Published - 1 Jan 2025

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 7 Affordable and Clean Energy
SDG 17 Partnerships for the Goals

Keywords

energy application
energy economics
energy management
energy resource
Energy storage
energy sustainability
energy types

Access to Document

10.1016/B978-0-443-29871-4.00009-9

Cite this

Villa Ávila, E. A., Arévalo Cordero, W. P., Ochoa Correa, D. V., Villa Ávila, M., Espinoza Abad, J. L., & Albornoz Vintimilla, C. E. (2025). Storage economy and markets. In M. Tostado-Véliz, A. Rezaee Jordehi, S. Amir Mansouri, A. Ramos Galán, & F. Jurado Melguizo (Eds.), Towards Future Smart Power Systems with High Penetration of Renewables: Emerging Technologies, New Tools, and Case Studies (primera ed., pp. 187-209). Article 9 Elsevier, Academic Press. https://doi.org/10.1016/B978-0-443-29871-4.00009-9

Villa Ávila, Edisson Andrés ; Arévalo Cordero, Wilian Paul ; Ochoa Correa, Danny Vinicio et al. / Storage economy and markets. Towards Future Smart Power Systems with High Penetration of Renewables: Emerging Technologies, New Tools, and Case Studies. editor / Marcos Tostado-Véliz ; Ahmad Rezaee Jordehi ; Seyed Amir Mansouri ; Andrés Ramos Galán ; Francisco Jurado Melguizo. primera. ed. Elsevier, Academic Press, 2025. pp. 187-209

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Villa Ávila, EA , Arévalo Cordero, WP , Ochoa Correa, DV, Villa Ávila, M, Espinoza Abad, JL & Albornoz Vintimilla, CE 2025, Storage economy and markets. in M Tostado-Véliz, A Rezaee Jordehi, S Amir Mansouri, A Ramos Galán & F Jurado Melguizo (eds), Towards Future Smart Power Systems with High Penetration of Renewables: Emerging Technologies, New Tools, and Case Studies. primera edn, 9, Elsevier, Academic Press, pp. 187-209. https://doi.org/10.1016/B978-0-443-29871-4.00009-9

Storage economy and markets. / Villa Ávila, Edisson Andrés (First Author); Arévalo Cordero, Wilian Paul ; Ochoa Correa, Danny Vinicio et al.
Towards Future Smart Power Systems with High Penetration of Renewables: Emerging Technologies, New Tools, and Case Studies. ed. / Marcos Tostado-Véliz; Ahmad Rezaee Jordehi; Seyed Amir Mansouri; Andrés Ramos Galán; Francisco Jurado Melguizo. primera. ed. Elsevier, Academic Press, 2025. p. 187-209 9.

Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review

TY - CHAP

T1 - Storage economy and markets

AU - Villa Ávila, Edisson Andrés

AU - Arévalo Cordero, Wilian Paul

AU - Ochoa Correa, Danny Vinicio

AU - Villa Ávila, Michael

AU - Espinoza Abad, Juan Leonardo

AU - Albornoz Vintimilla, Claudio Esteban

PY - 2025/1/1

Y1 - 2025/1/1

N2 - Energy storage (ES) is presented as a solution to counteract the challenges associated with the integration of renewable energies (RE) into electrical systems, such as fluctuation and inflexibility. Although its potential to improve the adjustment and regulation capacity in these systems is clear, the specific demand for ES is not yet defined. Additionally, each storage technology offers distinct services that can be adapted to different markets. This study evaluates various storage technologies considering technical, economic, and environmental aspects. However, the intermittent nature of RE continues to pose challenges in meeting energy demands. Despite this, ES is crucial to facilitating the adoption of new energies, such as wind and solar, ensuring a reliable and secure electricity supply, although it is recognized as a costly resource.

AB - Energy storage (ES) is presented as a solution to counteract the challenges associated with the integration of renewable energies (RE) into electrical systems, such as fluctuation and inflexibility. Although its potential to improve the adjustment and regulation capacity in these systems is clear, the specific demand for ES is not yet defined. Additionally, each storage technology offers distinct services that can be adapted to different markets. This study evaluates various storage technologies considering technical, economic, and environmental aspects. However, the intermittent nature of RE continues to pose challenges in meeting energy demands. Despite this, ES is crucial to facilitating the adoption of new energies, such as wind and solar, ensuring a reliable and secure electricity supply, although it is recognized as a costly resource.

KW - energy application

KW - energy economics

KW - energy management

KW - energy resource

KW - Energy storage

KW - energy sustainability

KW - energy types

KW - Energy application

KW - Energy economics

KW - Energy managemen

KW - Energy resource

KW - Energy storag

KW - Energy sustainability

KW - Energy types

UR - https://www.scopus.com/pages/publications/105013697179

UR - https://www.sciencedirect.com/science/chapter/edited-volume/abs/pii/B9780443298714000099

U2 - 10.1016/B978-0-443-29871-4.00009-9

DO - 10.1016/B978-0-443-29871-4.00009-9

M3 - Capítulo

SN - 978-044329872-1

SP - 187

EP - 209

BT - Towards Future Smart Power Systems with High Penetration of Renewables

A2 - Tostado-Véliz, Marcos

A2 - Rezaee Jordehi, Ahmad

A2 - Amir Mansouri, Seyed

A2 - Ramos Galán, Andrés

A2 - Jurado Melguizo, Francisco

PB - Elsevier, Academic Press

ER -

Villa Ávila EA , Arévalo Cordero WP , Ochoa Correa DV, Villa Ávila M, Espinoza Abad JL, Albornoz Vintimilla CE. Storage economy and markets. In Tostado-Véliz M, Rezaee Jordehi A, Amir Mansouri S, Ramos Galán A, Jurado Melguizo F, editors, Towards Future Smart Power Systems with High Penetration of Renewables: Emerging Technologies, New Tools, and Case Studies. primera ed. Elsevier, Academic Press. 2025. p. 187-209. 9 doi: 10.1016/B978-0-443-29871-4.00009-9

Storage economy and markets

Abstract

UN SDGs

Keywords

Access to Document

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