The Value of Large-Scale Offshore Energy Storage in the Future Electricity Market KU Leuven
Electricity is a real-time product. Supply and demand, or generation and consumption, have to match exactly at any instance to support the stable operation of the power system. This results from the fact that electricity is not economically storable on a large scale. While this is challenged by techno-economic developments leading to increased and improved storage capacities, storage levels remain well below that of other energy commodities. ...