 Local Storage SolutionsChristoph Burger and Jens Weinmann Chapter 5 in The Decentralized Energy Revolution, 2013, pp 131-149 from Palgrave Macmillan Abstract: Abstract Storing electricity beyond laptop batteries and cell phones is more complicated than storing many other forms of energy. Several technologies that allow for large-scale storage have been developed up to a commercial stage, and some of them are in widespread use. One of the most effective and most often implemented technologies is pump storage, where hydroelectric plants are used not only for using the kinetic energy to generate power, but also to pump water from a lower to a higher reservoir in periods when excess electricity is available or particularly cheap. The process is reversible at a fairly high efficiency, so that differences in spot market prices can generate sizable profits. However, pump storage depends on the geographical setting; its use is limited to mountainous or hilly regions. Since the hydroelectric potential in many industrialized countries is largely exploited and new projects often fail because of environmental protection legislation or resistance from local residents, the construction of new pump storage facilities will be limited. Keywords: Business Model; Electric Vehicle; Internal Combustion Engine; Storage Unit; Fuel Cell Vehicle (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-27070-2_6 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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