Assessment of energy storage technologies: A review. (1st November 2020)

• Record Type: Journal Article
• Authors: Rahman, Md Mustafizur; Oni, Abayomi Olufemi; Gemechu, Eskinder; Kumar, Amit
• Is Part Of: Energy conversion and management. Volume 223(2020)
• Publication Date: 2020-11-01
• Subjects: Energy storage -- Levelized cost of electricity -- Life cycle assessment -- Power network -- Techno-economic assessment; AULO Agricultural and urban land occupation -- BES Bulk energy storage -- BOP Balance of plant -- BP Bridging power -- CAES Compressed air energy storage -- A-CAES Adiabatic compressed air energy storage -- C-CAES Conventional compressed air energy storage -- CC Climate change -- CED Cumulative energy demand -- CSP Concentrated solar power -- EA Energy arbitrage -- EM Energy management -- ER Energy requirements -- ESS Energy storage system -- FFD Fossil fuel depletion -- FES Flywheel energy storage -- FR Frequency regulation -- FWE Freshwater eutrophication -- FWET Freshwater ecotoxicity -- GHG Greenhouse gas -- GREET Greenhouse gases, Regulated Emissions, and Energy use in Transportation -- GWP Global warming potential -- ISC Increase of self-consumption -- HT Human toxicity -- ISO International Organization for Standardization -- LB Load balancing -- LCA Life cycle assessment -- LCC Life cycle cost -- LCOE Levelized cost of electricity -- LCOS Levelized cost of storage -- Li-ion Lithium-ion -- LAES Liquid air energy storage -- LMP Lithium metal polymer -- MRD Mineral resource depletion -- NaNiCl Sodium nickel chloride -- NER Net energy ratio -- Ni-Cd Nickel-cadmium -- Na-S Sodium-sulfur -- NO Network operation -- OD Ozone depletion -- Pb-A Lead-acid -- PCS Power conversion system -- PEM Proton exchange membrane -- PMF Particulate matter formation -- POF Photochemical oxidant formation -- PQ Power quality -- PR Primary regulation -- PS Peak shaving -- PV Photovoltaic -- PVSC Photovoltaic self-consumption -- PVT Photovoltaic thermal -- RC Replacement cost -- RD Resources depletion -- REB Reducing electricity bill -- RI Renewable integration -- SD Smooth demand -- SO System operation -- RPD Reducing peak demand -- RS Renewables support -- SU Storage unit -- SVR Support of voltage regulation -- TA Terrestrial acidification -- TCC Total capital cost -- T&D Transmission and distribution -- TEA Techno-economic assessment -- TES Thermal energy storage -- TS Time-shift -- UPS Uninterruptible power supply -- VRFB Vanadium-redox flow battery -- VRPbA Valve-regulated lead acid -- USDOE United States Department of Energy -- Zn-Br Zinc-bromine; Direct energy conversion -- Periodicals; Energy storage -- Periodicals; Energy transfer -- Periodicals; Énergie -- Conversion directe -- Périodiques; Direct energy conversion; Periodicals; 621.3105
• DOI: 10.1016/j.enconman.2020.113295
• Languages: English
• ISSNs: 0196-8904

Abstract

Highlights: Techno-economic and life cycle assessments of energy storage systems were reviewed. The levelized cost of electricity decreases with increase in storage duration. Efficiency, lifetime, and duration of discharge influence the final costs and emissions. A consistent system boundary is crucial for conducting life cycle assessment. An integrated techno-economic and life cycle assessment model is recommended. Abstract: Incorporating renewables in the power grid has challenges in terms of the stability, reliability, and acceptable operation of the power system network. One possible solution is to integrate an energy storage system with the power network to manage unpredictable loads. The implementation of an energy storage system depends on the site, the source of electrical energy, and its associated costs and the environmental impacts. Moreover, an up-to-date database with cost numbers, energy use, and resulting emissions is required for decision-making purposes. This paper reviews the techno-economic and environmental assessments of mechanical, electro-chemical, chemical, and thermal to give an update on recent developments and generate a relevant database for costs and emissions. We reviewed 91 publications, 58 on techno-economic assessment and 33 on life cycle assessment. We found that, because of economies of scale, the levelized cost of energy decreases with an increase in storage duration. In addition, performance parameters such as round-trip efficiency, cycle life, and cycle length highly influence the final costs and environmental footprints of various storage technologies. However, further research is required to build a bottom-up model that can handle all the technical parameters to quantify the levelized cost of energy and environmental footprints of the storage systems simultaneously.