The Value of Storage in Electricity Generation: A Qualitative and Quantitative Review

  • Focus Area -
  • Type KAPSARC journal article
  • Date 26 November 2020
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Abstract

Electricity storage (ES) is a technology that can complement variable renewable generation in the widely sought low-carbon future. Given the several unique features of ES, it is important for utilities, investors, and regulators to understand how ES evaluation is conducted for effective deployment. Thus, this paper reviews how the literature associates a monetary value to ES technologies. It was found that evaluation has been done via the levelized cost of storage (LCOS) calculation, production-cost models, and market-based models.

https://doi.org/10.1016/j.est.2020.101872

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Authors

Amro Elshurafa

Amro Elshurafa

Acting Program Director Dr. Elshurafa is a Fellow in King Abdullah Petroleum Studies and Research Center (KAPSARC), Riyadh, Saudi Arabia, and possesses 20+…

Dr. Elshurafa is a Fellow in King Abdullah Petroleum Studies and Research Center (KAPSARC), Riyadh, Saudi Arabia, and possesses 20+ years of experience in energy and technology garnered on three continents. His research interests lie in renewable energy policy, power systems modeling, and hybrid microgrid design and optimization. He has led and executed several national modeling initiatives both at the distributed and utility scales, and he is listed among the top 2% of scientists globally as per Elsevier. Some aspects of his research have been adopted by BP in creating their seminal annual statistical review. Credited with 50+ papers and patents, Dr. Elshurafa holds a PhD in electrical engineering complemented thereafter with an MBA in finance.

Expertise

  • Power sector modeling
  • Electricity markets
  • Renewable energy policy
  • Hybrid microgrid optimization

Publications See all Amro Elshurafa’s publications

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