Software Tools for Energy Storage Valuation and Design

Nguyen, Tu A.; Byrne, Raymond H.

doi:10.1007/s40518-021-00186-4

Software Tools for Energy Storage Valuation and Design

Journal Article · Wed Jun 02 00:00:00 EDT 2021 · Current Sustainable/Renewable Energy Reports

DOI:https://doi.org/10.1007/s40518-021-00186-4· OSTI ID:1785560

; Byrne, Raymond H.

Abstract <italic>Purpose of Review</italic>

As the application space for energy storage systems (ESS) grows, it is crucial to valuate the technical and economic benefits of ESS deployments. 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.

<italic>Recent Findings</italic>

There are many software tools for valuating ESS. 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. 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.

<italic>Summary</italic>

This paper provides a review of software tools for ESS valuation and design. 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.

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Sponsoring Organization:: USDOE

OSTI ID:: 1785560

Journal Information:: Current Sustainable/Renewable Energy Reports, Journal Name: Current Sustainable/Renewable Energy Reports Journal Issue: 3 Vol. 8; ISSN 2196-3010

Publisher:: Springer Science + Business MediaCopyright Statement

Country of Publication:: Germany

Language:: English

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