During the three time periods of 03:00–08:00, 15:00–17:00, and 21:00–24:00, the loads are supplied by the renewable energy, and the excess renewable energy is stored in the FESPS or/and transferred to the other buses. Table 1. Energy storage power station.
Providing valuable policy implications for the development of energy storage and demand response in China. Energy storage and demand response offer critical flexibility to support the integration of intermittent renewable energy and ensure the stable operation of the power system.
In addition, by leveraging the scaling benefits of power stations, the investment cost per unit of energy storage can be reduced to a value lower than that of the user’s investment for the distributed energy storage system, thereby reducing the total construction cost of energy storage power stations and shortening the investment payback period.
Energy storage and demand response are widely regarded as promising solutions to these challenges.
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