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dc.contributor.authorCastellano Ruz, Ren
dc.contributor.authorPollitt, Michaelen
dc.date.accessioned2016-11-28T15:26:33Z
dc.date.available2016-11-28T15:26:33Z
dc.date.issued2016-06en
dc.identifier.issn1783-5917
dc.identifier.urihttps://www.repository.cam.ac.uk/handle/1810/261328
dc.description.abstractMultiple market drivers suggest that electrical energy storage (EES) systems are going to be essential for future power systems within the next decade. However, the deployment of the technology is proceeding at very different rates around the world. Whereas the sector is progressing quickly in California, it is not gaining much traction, so far, in Europe. This research aims to examine the prospects for viable business models of EES to emerge, by focussing on the value proposition, value creation and value capture aspects of the technology. The market and regulatory framework in California and Europe are analysed critically, and changes to overcome the main barriers are recommended. The research shows that the main barriers to viable business models are: inadequate definition and classification of EES in legislation; lack of markets for some ancillary services; inadequate market design that benefits traditional technologies; and the lack of need for EES in some jurisdictions. The prospects are better in California because regulation is more advanced and favourable for the technology, and regulators are collaborating with developers and utilities to analyse barriers and solutions for the technology. In Europe, there is a need to study more deeply the necessity of EES, to clarify the definition of EES, create new markets for ancillary services and design technology-neutral market rules.
dc.description.sponsorshipThis research was supported by the Energy Policy Research Group at the Judge Business School (University of Cambridge) and is part of the EPSRC Business, Economics, Planning and Policy for Energy Storage in Low-Carbon Futures project (Grant Number: EP/L014386/1).
dc.language.isoenen
dc.publisherIntersentia
dc.subjectelectrical energy storageen
dc.subjectbatteryen
dc.subjectmarket designen
dc.titleOvercoming barriers to electrical energy storage: comparing California and Europeen
dc.typeArticle
prism.endingPage150
prism.issueIdentifier2en
prism.publicationDate2016en
prism.publicationNameCompetition and Regulation in Network Industriesen
prism.startingPage123
prism.volume217en
dc.identifier.doi10.17863/CAM.6499
dcterms.dateAccepted2016-09-12en
rioxxterms.versionofrecord10.1177/178359171601700202en
rioxxterms.versionAMen
rioxxterms.licenseref.urihttp://www.rioxx.net/licenses/all-rights-reserveden
rioxxterms.licenseref.startdate2016-06en
dc.contributor.orcidPollitt, Michael [0000-0002-6858-129X]
dc.identifier.eissn2399-2956
dc.publisher.urlhttps://www.jurisquare.be/en/journal/crni/17-2/overcoming-barriers-to-electrical-energy-storage-comparing-california-and-europe/en
rioxxterms.typeJournal Article/Reviewen
pubs.funder-project-idEPSRC (VIA IMPERIAL COLLEGE) (EP/L014386/1)
cam.issuedOnline2016-06-01en
cam.orpheus.successThu Jan 30 12:57:08 GMT 2020 - Embargo updated*
rioxxterms.freetoread.startdate2016-06-01


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