Are electricity storage systems in the Netherlands indispensable or doable? Testing single-application electricity storage business models with exploratory agent-based modeling

Electricity storage systems (ESS) are hailed by many scholars and practitioners as a key element of the future electricity systems and a key step toward the transition to renewables. Nonetheless, the global speed of ESS implementation is relatively slow, and among possible reasons is the lack of viable business models. We developed an agent-based model to simulate the behavior of ESS within the Dutch electricity market. We adopted an exploratory modeling analysis (EMA) approach to investigate the effects of two single-application business models over a period of twenty years on the value of ES... Mehr ...