Renewable Energy and Storage: A Diffusion Analysis
1st AIEE Energy Symposium, Milan, Italy, Nov 30 - Dec 2, 2016
Posted: 30 May 2019
Date Written: November 2016
Electricity storage is a multipurpose technology that facilitates the integration of high levels of variable renewables, particularly wind and solar, in power systems. Although electricity storage promises to be a game-changer for the grid and utilities, there is little understanding on when it is likely to reach a tipping point. Such knowledge can help diverse stakeholders plan for the emerging electricity ecosystem. The paper provides a general framework, based on the Bass diffusion dynamics, a well-established technology adoption model to explain the long-run dynamics of electricity storage technologies. Furthermore, by mapping drivers of electricity storage adoption, we aim to inform energy policy and strategic decision-making.
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