Storage economy and markets

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

Producción científica: Capítulo del libro/informe/acta de congreso › Capítulo › revisión exhaustiva

Resumen

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.

Idioma original	Inglés
Título de la publicación alojada	Towards Future Smart Power Systems with High Penetration of Renewables
Subtítulo de la publicación alojada	Emerging Technologies, New Tools, and Case Studies
Editores	Marcos Tostado-Véliz, Ahmad Rezaee Jordehi, Seyed Amir Mansouri, Andrés Ramos Galán, Francisco Jurado Melguizo
Editorial	Elsevier, Academic Press
Páginas	187-209
Número de páginas	23
ISBN (versión digital)	9780443298714
ISBN (versión impresa)	9780443298714
DOI	https://doi.org/10.1016/B978-0-443-29871-4.00009-9
Estado	Publicada - 1 ene. 2025

Serie de la publicación

Nombre	Towards Future Smart Power Systems with High Penetration of Renewables

ODS de las Naciones Unidas

Este resultado contribuye a los siguientes Objetivos de Desarrollo Sostenible

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

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Villa-Ávila, E., Arevalo Cordero, W. P., Ochoa Correa, D. V., Villa-Ávila, M., Espinoza Abad, J. L., & Albornoz Vintimilla, C. E. (2025). Storage economy and markets. En 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 (pp. 187-209). Artículo 9 (Towards Future Smart Power Systems with High Penetration of Renewables). Elsevier, Academic Press. https://doi.org/10.1016/B978-0-443-29871-4.00009-9

Villa-Ávila, Edisson ; Arevalo 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. Elsevier, Academic Press, 2025. pp. 187-209 (Towards Future Smart Power Systems with High Penetration of Renewables).

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Villa-Ávila, E, Arevalo Cordero, WP , Ochoa Correa, DV, Villa-Ávila, M, Espinoza Abad, JL & Albornoz Vintimilla, CE 2025, Storage economy and markets. En 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., 9, Towards Future Smart Power Systems with High Penetration of Renewables, 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; Arevalo 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. Elsevier, Academic Press, 2025. p. 187-209 9 (Towards Future Smart Power Systems with High Penetration of Renewables).

Producción científica: Capítulo del libro/informe/acta de congreso › Capítulo › revisión exhaustiva

TY - CHAP

T1 - Storage economy and markets

AU - Villa-Ávila, Edisson

AU - Arevalo 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

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

M3 - Capítulo

SN - 9780443298714

T3 - Towards Future Smart Power Systems with High Penetration of Renewables

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