Review of Latest Advances and Prospects of Energy Storage Systems: Considering Economic, Reliability, Sizing, and Environmental Impacts Approach

Abstract

Studies have shown that the role of energy storage systems in human life is increasing day by day. Therefore, this research aims to study the latest progress and technologies used to produce energy storage systems. It also discusses and compares the most recent methods used by researchers to model and optimize the size of these tools and evaluates the strengths and weaknesses of each. Investigations have shown that using energy storage systems in hybrid stand-alone power generation systems based on renewable energy increases the reliability of the power generation systems and increases their efficiency. It has also reduced the cost of transmitting the power grid to remote areas. Furthermore, this study showed that advances in energy storage technology in recent years have led to the development and promotion of clean microgrids. In addition, this review paper also addresses energy storage technology issues and proposes practical and applied solutions.