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The transition to a fully decarbonised electricity system depends on integrating new technologies that ensure reliability alongside sustainability. However, missing risk markets hinder investment in reliability-enhancing technologies by…
Long-duration energy storage (LDES) is a key component for fully renewable, sector-coupled energy systems based on wind and solar. While capacity expansion planning has begun to take into account interannual weather variability, it often…
Long duration energy storage (LDES) may become a critical technology for the decarbonization of the power sector, as current commercially available Li-ion battery storage technologies cannot cost-effectively shift energy to address…
Long-duration energy storage (LDES) faces significant revenue volatility that impedes investment. This paper evaluates four contract-based support mechanisms using an equilibrium model with risk-averse investors and incomplete risk markets.…
Existing modeling approaches for long-duration energy storage (LDES) are often based either on an oversimplified representation of power system operations or limited representation of storage technologies, e.g., evaluation of only a single…
Long-duration energy storage (LDES) is vital for decarbonizing the energy system but faces economic challenges, including high upfront costs, low trading frequency, and limited revenue in current electricity markets. Compressed Air Energy…
Energy storage (ES) and virtual energy storage (VES) are key components to realizing power system decarbonization. Although ES and VES have been proven to deliver various types of grid services, little work has so far provided a…
The urgent need for decarbonization in the energy sector has led to an increased emphasis on the integration of renewable energy sources, such as wind and solar, into power grids. While these resources offer significant environmental…
Hydrogen-based long-duration electricity storage (LDES) is a key component of renewable energy systems to deal with seasonality and prolonged periods of low wind and solar energy availability. In this paper, we investigate how electrified…
Tackling climate change requires the rapid and deep decarbonization of electric power systems. While energy management systems (EMSs) play a central role in this transition, conventional EMSs focus mainly on economic efficiency and often…
The assessment of adequacy and security of the energy system requires the detailed knowledge of physical and operational characteristics. In contrast, studies concerning energy transitions employ stylized models that oftentimes ignore the…
As the world seeks to transition to a sustainable energy future, energy storage technologies are increasingly recognized as critical enablers. However, the macro-energy system assessment of energy storage has often focused on isolated…
The decarbonization of municipal and district energy systems requires economic and ecologic efficient transformation strategies in a wide spectrum of technical options. Especially under the consideration of multi-energy systems, which…
This paper introduces a mathematical formulation of energy storage systems into a generation capacity expansion framework to evaluate the role of energy storage in the decarbonization of distributed power systems. The modeling framework…
Decarbonization of the electricity sector is one of the major measures in slowing down the pace of climate change. In this paper, we analyze the impacts of energy storage systems (ESS) and interannual uncertainty of variable renewable…
Long-duration energy storage (LDES) assets can be fundamental resources for the next-generation power systems. However, LDES technologies are still immature and their future technology costs remain highly uncertain. In this context, we…
In this paper, we propose a model of decentralized energy storages, who serve as instruments to shift energy supply intertemporally. From storages' perspective, we investigate their optimal buying or selling decisions under market…
We develop multi-stage linear decision rules (LDRs) for dynamic power system generation and energy storage investment planning under uncertainty and propose their chance-constrained optimization with performance guarantees. First, the…
Since the beginning of this century, there has been a growing body of research and developments supporting the participation of energy storage systems (ESS) in the emission reduction mandates. However, regardless of these efforts and…
Swift and deep decarbonisation of electricity generation is central to enabling a timely transition to net-zero emission energy systems. While future power systems will likely be dominated by variable renewables (VRE), studies have…