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Review of energy sharing: Business models, mechanisms, and
An emerging business model to tackle these challenges is energy sharing, whose concepts, structures, applications, models, and designs are thoroughly reviewed in
The long-term energy transition: Drivers, outcomes, and the role of the multinational enterprise
The pre-eminence of the production and consumption of nonrenewable fossil fuels is waning with the growth of renewable energy solutions. This long-term energy (LTE) transition is one of the global grand challenges, characterized by uncertain and evolving markets. Although this is a global issue, there are regional differences and non
Fostering Enterprise Green Innovation: an Empirical Analysis of China''s Energy
In the face of escalating global energy consumption and rising CO2 emissions, this research investigates the pivotal role played by China''s Energy Use Rights Trading (EURT) system in promoting Enterprise Green Innovation (EGI) within industrial enterprises. The study employs a rigorous Quasi-Natural Experiment (QNE) approach,
Impact of government subsidies on total factor productivity of energy storage enterprises
Control variables. Drawing on related studies (Lin and Zhang, 2023; Cheng and Meng, 2023; Ren et al., 2023), the control variables are selected as follows: (1) Profitability (ROA), expressed as the net profit divided by the average total assets; (2) Cash, measured by the ratio of net cash flow to its operating income; (3) Tobin Q (TQ), the ratio
Optimal Sharing and Fair Cost Allocation of Community Energy Storage
This paper studies an energy storage (ES) sharing model which is cooperatively invested by multiple buildings for harnessing on-site renewable utilization and grid price arbitrage. To maximize the
Economic and operational benefits of energy storage sharing for
This paper presents an optimal planning and operation architecture for multi-site renewable energy generators that share an energy storage system on the generation side. Furthermore, an economic-environmental model is proposed to minimize the costs associated with the energy system infrastructure while maintaining a high penetration
Academia
To extract energy saving and lesser cost of electricity, residential prosumers perform energy management in accordance with renewable energy generation, energy storage,
Investment decisions and strategies of China''s energy storage
In reality, energy storage technology versions change rapidly and investors tend to adopt successive technologies, yet few scholars consider sequential
Pricing method of shared energy storage bias insurance service
The comparison in Table 1 shows that the special characteristics of new energy deviation insurance are mainly reflected in two aspects: the subject of new energy deviation insurance is the assessment cost arising from the deviation of new energy prediction, which is different from the loss caused by the accident, as the accident of a
Benefit analysis and preliminary decision-making of electrical and thermal energy storage in the regional integrated energy
This study analyzes the benefits of multiple energy storage applications in RIES. Through modeling, operation strategy optimization and case calculation, the following conclusions are drawn: (1) Energy storage benefits have
Investments in merchant energy storage: Trading-off between energy
An optimal scheduling approach for distributed energy storage is proposed in [51], optimal allocation in [57], and optimal sizing in [58]. On a longer time scale, the trade-off between energy and
Multi-objective optimization study of regional integrated energy systems coupled with renewable energy, energy storage, and inter-station energy
Overall benefits of the internal energy stations in the regional integrated energy system were meticulously analyzed, considering system benefits, inter-station energy sharing, and energy storage. Research findings indicate, the regional integrated energy system constructed in this study exhibited superior energy-saving, carbon
Shared energy storage system for prosumers in a community:
Numerical results show that, compared with personal energy storage scenario, the proposed storage sharing mechanism can achieve 6.09% cost savings,
China''s role in scaling up energy storage investments
This study explores the challenges and opportunities of China''s domestic and international roles in scaling up energy storage investments. China aims to increase
Economic benefits of PHS and Li-ion storage. Study cases:
Storage economic viability depends on the full load hours, electricity market prices and total costs of the technology. • Average yearly arbitraging profit of PHS in Austria is 65% lower compared to the Bosnia and Herzegovina case. •
Triple-layer optimization of distributed photovoltaic energy storage capacity for manufacturing enterprises
Load management can further reduce the energy storage capacity demand by 39%, bringing economic benefits especially in low carbon prices Abstract Distributed photovoltaic energy storage systems (DPVES) offer a proactive means of harnessing green energy to drive the decarbonization efforts of China''s manufacturing
Differentiated environmental regulations and enterprise
Environmental protection is receiving more and more attention in China. Chinese government and society have implemented well-designed environmental regulations (ERs). While ERs have economic and environmental implications, whether they favor or stifle technological innovation is uncertain and shows paradoxical tension
IJERPH | Free Full-Text | Can Enterprises in China Achieve
Enterprises have emerged as primary actors in environmental protection owing to the increasingly severe global energy crisis and environmental pollution. Companies can reduce operational costs, achieve environmental social responsibility, and enhance their green image by increasing their green investments. Simultaneously,
The benefits of investing in sustainable energy infrastructure
For investors with a long-term outlook, such as pension funds and insurance companies, investments in sustainable energy infrastructure can add stability to their portfolios while delivering on
Optimal investment portfolio strategies for power enterprises under multi-policy scenarios of renewable energy
China is a big power producer and consumer. By the end of 2020, China''s installed capacity of power generation reached 2200.58 million kW, of which renewable energy power generation reached 934.64 million kilowatts, accounting for 42.5%. Fig. 2 shows the investment scale of different energy in China.
An analysis on the relationship between ESG information disclosure and enterprise value: A case of listed companies in the energy
As can be seen from the table, except for the relationship between ESG and E, S, and G, the maximum correlation coefficient between enterprise size and reputation is 0.8630, with col-linearity risk, and the rest are all less than 0.8.
Emission reduction path for coal-based enterprises via carbon capture, geological utilization, and storage: China energy
2.1. Assessment of emission reduction potential2.1.1. Characteristics of the CCUS model As a source-sink matching model based on geospatial systems, the ITEAM-CCUS model mainly comprises four methods: enterprise (carbon emission source) screening, CO 2 geological site assessment, source-sink matching, and full-chain CCUS
Benefit sharing in the Arctic energy sector: Perspectives on corporate policies
In this paper, we identify, describe, and compare benefit sharing modes and corresponding benefit sharing policy models found in the energy sector in the Russian and U.S. Arctic. In this context, a mode refers to a general manner or approach in which benefit sharing is executed, while a policy model represents a specific institutional
Sustainability | Free Full-Text | Benefit-Sharing Arrangements between
This research provides an insight into various modes of benefit-sharing agreements between oil and gas companies and indigenous people in Russia''s northern regions, e.g., paternalism, corporate social responsibility, and partnership. The paper examines factors that influence benefit-sharing arrangements, such as regional specifics, dependency on
Does it reasonable to include grid-side energy storage costs in transmission and distribution tariffs? Benefit
of this storage, energy storage projects are more likely to be invested in. Fig. 1 below shows the supply and demand for energy storage under a positive externality. In Fig. 1, MC represents the supply curve of energy storage investors, MB-S
Balancing Benefit Distribution for Energy Storage Sharing based
Aug 1, 2019, Rui Dai and others published Balancing Benefit Distribution for Energy Storage Sharing based on Nash The storage and energy sharing benefits of the microgrids and the HESS are
Economic Storage Sharing Framework: Asymmetric Bargaining-Based Energy
Then the storage sharing profits of ESPs and the energy sharing payments of prosumers are successively determined by the asymmetric bargaining-based benefits sharing model. Specifically, the prosumer group bargains with the ESPs with the nominal required capacity and the shared capacities as their bargaining power to share
(PDF) Sharing Economy as a new business model for energy
Energy storage systems (ESS) are the candidate solution to integrate the high amount of electric power generated by volatile renewable energy sources into the
Sharing Energy Storage Between Transmission and Distribution
1 Sharing Energy Storage Between Transmission and Distribution Ryan T. Elliott, Ricardo Fern´andez-Blanco, Kelly Kozdras, Josh Kaplan, Brian Lockyear, Jason Zyskowski, and Daniel S. Kirschen Abstract—This paper addresses the problem of how best to co
Energy self‐sufficiency and network support through
Energy Conversion and Economics is an open access multidisciplinary journal covering technical, economic, management, and policy issues in energy engineering. Abstract The concept of community
Economic and operational benefits of energy storage sharing for
In this study, an energy management methodology is proposed for neighborhood area networks (NANs) composed of a shared energy storage system
Impact of government subsidies on total factor productivity of energy storage enterprises
Based on panel data of Chinese 101 energy storage enterprises from 2007 to 2022, this paper examines the effectiveness of government subsidies in the energy storage industry from the perspective of total factor productivity (TFP). The
An efficient and economical storage and energy sharing model for multiple multi-energy
The storage and energy sharing benefits of the microgrids and the HESS are determined by Nash bargaining solution. Simulation results show that the model can effectively improve the utilization of
Resources | Free Full-Text | What is Benefit Sharing? Respecting Indigenous Rights and Addressing Inequities
International standards refer to Indigenous peoples'' right to benefit from resource development, participate in decision-making and determine priorities in development planning that directly affects them. While good practice exists in benefit sharing, Indigenous peoples still lack opportunities for a meaningful role in strategic
Optimal Capacity Allocation and Investment Analysis of Energy Storage System Considering Multi-investors
As enterprises, institutions, communities and households continue building distributed power sources, the application market for energy storage is expanding, which is driving the rapid development of energy storage technology. At the same time, due to the implementation of the new power system reform plan, the power grid will enter into a new
Investment decisions and strategies of China''s energy storage
In reality, energy storage technology versions change rapidly and investors tend to adopt successive technologies, yet few scholars consider sequential decisions in energy storage investment studies. Therefore, this study considers two investment strategies, single and continuous, and demonstrates that sequential
Novel energy storage sharing business mode for prosumers
There must be a reasonable storage sharing business structure to balance the energy benefits between storage investors and prosumers. The aim of the project is to
Investments in merchant energy storage: Trading-off between energy
to maximize the expected lifetime profit and to ensure a desirable rate-of-return for the merchant energy storage investor, Furthermore, social costs and benefits of a 6MW/10MWh ES in the United Kingdom are quantified using the Monte Carlo
Energy storage: Navigating challenges and opportunities
Energy storage is one means to resolve these challenges, and this relatively recent shift in demand for improved storage capability presents opportunities and challenges for market participants. This is leading to increased interest in the market from investors, developers, and businesses looking at how storage solutions could be integrated into their portfolios
Incentives and strategies for financing the renewable energy
Mihaylov et al. (2019) proposed a novel incentive in which energy is used as a digital currency to promote more RE usage and incentivize green energy consumption. The idea has traditional elements, based on FiTs, net metering (NM) and other market-based mechanisms in which reward is linked to usage.