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Business Models for Energy Storage
Abstract
Energy storage is an important component of the renewable energy system. Besides the economic advantages of this process, to delivery energy when have high price, there are diverse advantages: from the technical issues concerning network (frequency control, voltage control, management of peak demand) to development of performant industries (electronic industry, car industry). There are presented the main technologies of energy storage: mechanical, electromechanical, electrical, thermal and chemical technologies, with their advantages and limitations. Application of business-sided models, customer-sided and hybrid business models, models with theoretical and practical consistency, are analyzed in terms of their position towards the meter and the methods of settlements. The main objective of this chapter is to understand the concept of energy storage in its complexity, as important element of renewable energy system, applied in various business models and as element of influence over economic dynamics, by their opportunities and new business ideas.
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