Abstract
The process of changing the overall structure of the power system is gradually shifting from fossil fuels to renewable energy sources that are more environmentally friendly and sustainable. The traditional electricity value chain consists of five links: fuel/energy source, generation, transmission, distribution and customer service. Energy storage systems are on the verge of becoming the "sixth link". They can store energy at low demand, low cost of generation, or from intermittent sources of energy, and to use it at high demand, high cost, or when there is no other means of generation. The potential services of energy storage systems are numerous and diverse and can cover a wide range, from larger, generation and transmission systems to relatively small distribution network systems and "beyond the meter" customers. The volume, nature, and quality of different services depend mainly on the power/capacity of the storage, versatility, technology, and automation, as well as location, user requirements, and regulatory constraints. Existing trends also indicate that the need for energy storage will increase amid high production and demand, which will require energy storage for several days, weeks or months in the future.
Published Version
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