Abstract
To meet ambitious global decarbonization goals, electricity system planning and operations will change fundamentally. With increasing reliance on variable renewable energy resources, energy storage is likely to play a critical accompanying role to help balance generation and consumption patterns. As grid planners, non-profit organizations, non-governmental organizations, policy makers, regulators and other key stakeholders commonly use capacity expansion modelling to inform energy policy and investment decisions, it is crucial that these processes capture the value of energy storage in energy-system decarbonization. Here we conduct an extensive review of literature on the representation of energy storage in capacity expansion modelling. We identify challenges related to enhancing modelling capabilities to inform decarbonization policies and electricity system investments, and to improve societal outcomes throughout the clean energy transition. We further identify corresponding research activities that can help overcome these challenges and conclude by highlighting tangible real-world outcomes that will result from pursuing these research activities.
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Acknowledgements
This Review emerged from a workshop organized by Argonne National Laboratory on ‘Informing Storage Solutions to Decarbonize Electricity’ 2–3 November 2021 (https://www.anl.gov/esia/informing-storage-solutions-to-decarbonize-electricity). We acknowledge all participants and organizers of the workshop. This material is based, in part, on work supported by Laboratory Directed Research and Development (LDRD) funding from Argonne National Laboratory, provided by the Director, Office of Science, of the US Department of Energy under contract no. DE-AC02-06CH11357. Finally, we wish to recognize our co-author, George W. Crabtree, an energy trailblazer and true renaissance scientist, who passed away in January 2023. During his six-decade career at Argonne National Laboratory, George advanced several scientific disciplines and inspired colleagues and friends, here and around the world. His work and dedication to the global scientific community will not be forgotten.
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J.D.J. is part owner of DeSolve, LLC, which provides techno-economic analysis and decision support for clean energy technology ventures and investors. He serves on the advisory board of Eavor Technologies Inc. and Rondo Energy and has an equity interest in each company. He also provides policy advisory services to Clean Air Task Force and serves as a technical advisor to MUUS Climate Partners and Energy Impact Partners. The remaining authors declare no competing interests.
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Levin, T., Bistline, J., Sioshansi, R. et al. Energy storage solutions to decarbonize electricity through enhanced capacity expansion modelling. Nat Energy 8, 1199–1208 (2023). https://doi.org/10.1038/s41560-023-01340-6
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DOI: https://doi.org/10.1038/s41560-023-01340-6