Libreville Smart Energy Storage Policy

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6 Frequently Asked Questions about “Libreville Smart Energy Storage Policy”

Is energy storage a distinct asset class within the electric grid system?

The authors support defining energy storage as a distinct asset class within the electric grid system, supported with effective regulatory and financial policies for development and deployment within a storage-based smart grid system in which storage is placed in a central role.

What role does energy storage play in a smart grid?

Asset class position and role of energy storage within the smart grid As utility networks are transformed into smart grids, interest in energy storage systems is increasing within the context of aging generation assets, heightening renewable energy penetration, and more distributed sources of generation .

Should energy storage be at the nexus of the value chain?

Placing the energy storage asset class at the nexus of the value chain emphasizes the role that energy storage technologies are able to play in the implementation of smart grid systems and vice versa. However, the current capacity of energy storage on the grid is wholly inadequate.

Are technology risks a barrier to the deployment of energy storage technologies?

Technology risks are a critical barrier to the deployment of energy storage technologies, and numerous technically feasible energy storage technologies have seen delayed deployment because developers are reluctant to be the first to undertake projects with new systems .

Is energy storage a viable asset class?

Of particular importance is the seventh and final characteristic of the energy storage asset class. If energy storage is to be viable it is vital that we consider its viability in relation to its intended use.

How do grid operators use energy storage?

Currently, grid operators would use strategies, such as back-casting (using historical data to predict economically desirable deployment schedules) to apply energy storage. This strategy does not completely capture arbitrage value due to near time weather and usage variations (only 85%) .

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