Disadvantages of shared energy storage

Does capacity affect shared energy storage cost?

This result shows that as capacity increases the shared energy storage cost decreases faster than the individual energy storage cost. Based on this result, changing the capacity has a larger effect on shared energy storage. The daily utilization for the different energy storage capacities is analyzed and compared in Fig. 5b.

Does shared energy storage reduce electricity cost?

The shared energy storage scenario results in lower daily total electricity cost than the individual energy storage. The electricity cost reduction between the individual and shared energy storage scenarios also increases as capacity increases.

How does shared energy storage affect the use of energy storage?

The use of the shared energy storage is generally greater than that of the individual energy storage with no visible pattern existing between the utilization increase from the individual energy storage.

What happens if multiple residential consumers share energy storage?

When multiple residential consumers share energy storage, the operations of the shared energy storage become more complex because of the consumers’ varying electricity demand loads and solar power generations.

Is shared energy storage a viable alternative to conventional energy storage?

A hybrid solution combining analytical and heuristic methods is developed. A comparative analysis reveals shared energy storage’s features and advantages. Shared energy storage has the potential to decrease the expenditure and operational costs of conventional energy storage devices.

Should energy storage be shared?

Considering these aspects, there has been an increasing interest in sharing energy storage among individual consumers, specifically in a residential community. With shared energy storage, multiple consumers will have access to the energy storage by charging and discharging the energy storage depending on their own needs.