Advancements in energy storage technologies for smart grid development

Abstract

In the modern world, the consumption of oil, coal natural gas, and nuclear energy has been causing by a serious environmental problem and an ongoing energy crisis. The generation and consumption of renewable energy sources (RESs) such as solar and wind tidal, can resolve the problem but the nature of the RESs is fluctuating and intermitted. This evolution brings a lot of challenges in the management of electrical grids. The paper reviewed the advancements in energy storage technologies for the development of a smart grid (SG). More attention was paid to the classification of energy storage technologies based on the form of energy storage and based on the form of discharge duration. The evaluation criteria for the energy storage technologies have been carried out based on technological dimensions such as storage capacity, efficiency, response time, energy density, and power density, the economic dimension such as input cost and economic benefit; and the environmental dimension such as emission and stress on ecosystem, social demission such as job creation and social acceptance were also presented in this paper.