Battery Electric Storage Systems: Advances, Challenges, and Market Trends

Alessandro Saldarini (), Michela Longo, Morris Brenna and Dario Zaninelli
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Alessandro Saldarini: Department of Energy, Politecnico di Milano, 20156 Milan, Italy
Michela Longo: Department of Energy, Politecnico di Milano, 20156 Milan, Italy
Morris Brenna: Department of Energy, Politecnico di Milano, 20156 Milan, Italy
Dario Zaninelli: Department of Energy, Politecnico di Milano, 20156 Milan, Italy

Energies, 2023, vol. 16, issue 22, 1-30

Abstract: The increasing integration of renewable energy sources (RESs) and the growing demand for sustainable power solutions have necessitated the widespread deployment of energy storage systems. Among these systems, battery energy storage systems (BESSs) have emerged as a promising technology due to their flexibility, scalability, and cost-effectiveness. This paper aims to provide a comprehensive review of the diffusion and deployment of BESSs across various applications, analyzing their impact on grid stability, renewable energy integration, and the overall energy transition. The paper examines the key drivers and challenges associated with BESS adoption, as well as market trends influencing their proliferation. Through an analysis of empirical data, this study aims to shed light on the current state of BESS diffusion. Finally, this research contributes to the knowledge base surrounding battery storage technology and provides insights into its role in achieving a sustainable and reliable energy future.

Keywords: battery energy storage system; frequency regulation; market trends; renewable energy integration; utility-scale applications (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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