High-power low-energy cycles are referred to as power applications while long-duration discharges are referred to as energy applications.
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A common method is based on the time scale of the charge/discharge cycle. There are several ways to categorize these services. Energy storage systems (ESSs), with the ability to alternatively charge and discharge energy, can provide a wide range of grid services to tackle the above challenges. Furthermore, there are challenges in mitigating the impacts of natural disasters and protecting grid infrastructure against cyber/physical threats. A major concern is the high variability and uncertainty of these resources and loads. A review of analysis tools for evaluating the technical impacts of energy storage deployments is also provided, as well as a discussion of development trends for valuation and design tools.Īs the electric grid evolves very quickly toward more renewable and distributed energy resources integrated with controllable loads, grid operators have experienced many technical problems in maintaining grid stability and reliability. This paper provides a review of software tools for ESS valuation and design.
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While many of the tools, developed by the national laboratories, are free to use, the commercial tools are also of great importance in meeting the customers’ specific needs. These tools can be classified into two groups: (1) power system simulation and planning tools for analyzing the technical contributions of ESSs, and (2) techno-economic analysis tools for valuating the economic benefits of ESS deployment and specifying the optimal design of energy systems that include ESSs.
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There are many software tools for valuating ESS. Since there are many analytical tools in this space, this paper provides a review of these tools to help the audience find the proper tools for their energy storage analyses. As the application space for energy storage systems (ESS) grows, it is crucial to valuate the technical and economic benefits of ESS deployments.