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

Initiative Electricity Sector Transitions
Type Discussion paper
Date 26 November 2020

Abstract

Electricity storage technology has many useful applications in the energy sector and can complement variable renewable power generation to achieve a low-carbon future. For policymakers, utilities, and investors, effective decisions in this context require an understanding of how to determine the monetary value of storage.

Authors

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