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

Science Direct

Authors

Amro Elshurafa

Amro Elshurafa

Executive Director Dr. Elshurafa is the Executive Director of the Utilities and Renewables Department and possesses 20+ years of experience garnered on…

Dr. Elshurafa is the Executive Director of the Utilities and Renewables Department and possesses 20+ years of experience garnered on three continents. His research interests lie in renewable energy policy, electricity market design and regulation, and power systems modeling. He has led and executed several national modeling initiatives at distributed and utility scales. Some aspects of his research have been adopted by BP in their seminal annual Statistical Review. He is listed among the top 2% scientists globally as per Stanford, and he is a board member of the Saudi Water and Electricity Regulatory Authority. Credited with 50+ papers and patents, he holds a Ph.D. in Engineering and an MBA in Finance.

Expertise

  • Renewable Energy Policy
  • Electricity Market Design and Regulation
  • Power Sector Modeling

Publications See all Amro Elshurafa’s publications

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