Microgrid Energy Storage Subsidy

4 FAQs about [Microgrid Energy Storage Subsidy]

Is financial subsidy necessary to overcome the high-cost limitation of microgrid?

Conclusions It is acknowledged that financial subsidy is essential to overcome the high-cost limitation from energy storage system of microgrid until storage technologies denoted for microgrid become more cost-effective.

Does energy storage subsidy affect microgrid diffusion?

The periodical fluctuation results of microgrid diffusion under different storage subsides have indicated that different energy storage subsidies have different effects on microgrid diffusion, and the electricity price subsidy for energy storage has more significant effect than the initial cost subsidy to promote microgrid diffusion.

Why is energy storage difficult to use in microgrid?

In reality, there exists unreasonable amount of subsidies and an unreasonable subsidy mode in China’s ESS industry, which make storage difficult to widely use in microgrid . In order to solve issues caused by energy storage, the government may establish and revise relevant policies to promote the microgrid diffusion.

How to estimate ESS subsidies for Microgrid?

Real option game enables this method to consider various factors as well as the market competition. Then, ESS subsidies for microgrid are estimated by analyzing the periodical fluctuations of MG diffusion and by utilizing real option and evolutionary game theory. The rest of the paper is organized as follows.

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