Energy storage systems: A review of its progress and outlook, potential benefits, barriers and solutions within the Malaysian distribution network

To ensure access towards an affordable and clean energy for all, the Malaysian government has tabled the National Energy Policy in 2022 which further addresses the energy trilemma challenges and investment objectives on environmental, social and governance (ESG) core values. While Malaysia sets its...

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Main Authors: Lee J.Y., Ramasamy A.K., Ong K.H., Verayiah R., Mokhlis H., Marsadek M.
Other Authors: 57217227566
Format: Review
Published: Elsevier Ltd 2024
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Institution: Universiti Tenaga Nasional
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spelling my.uniten.dspace-339012024-10-14T11:17:24Z Energy storage systems: A review of its progress and outlook, potential benefits, barriers and solutions within the Malaysian distribution network Lee J.Y. Ramasamy A.K. Ong K.H. Verayiah R. Mokhlis H. Marsadek M. 57217227566 16023154400 57203145595 26431682500 8136874200 26423183000 Energy Energy storage policies Energy storage systems Renewable energy Second Life Battery Second Life Energy Storage Systems Data storage equipment Economics Electric energy storage Electric power distribution Energy policy Investments Lithium-ion batteries Natural resources Stochastic systems Energy Energy storage policy Energy storage system Renewable energies Second Life Second life batteries Second life energy storage system Storage policies Storage systems Renewable energy resources To ensure access towards an affordable and clean energy for all, the Malaysian government has tabled the National Energy Policy in 2022 which further addresses the energy trilemma challenges and investment objectives on environmental, social and governance (ESG) core values. While Malaysia sets its target to achieve 18 % of total primary supply only relying on renewable energy sources, it is expected that there will be an energy mismatch between supply and demand within the network due to the stochastic behavior of weather dependent renewable energy sources (RES) such as solar PV. Hence, energy storage system (ESS) delivers a better solution with its capability to perform power regulation or as a storage unit to manage with the intermittent generation from existing renewable sources. Therefore, this review outlines the prospect and outlook of first and second life lithium-ion energy storage in different applications within the distribution grid system which aligns with the policies present in Malaysia. This paper also highlights both technical and non-technical reviews on both energy storage technologies. Evidently, the outcome of the paper shows that the application of energy storage exhibits better performance along with the integration of renewable energy sources as compared to the present technology in the Malaysian grid system. In addition, second-life lithium-ion batteries with 80 % of remaining capacity could potentially elevate the present economic value of ESS within its service lifetime. � 2023 The Authors Final 2024-10-14T03:17:24Z 2024-10-14T03:17:24Z 2023 Review 10.1016/j.est.2023.108360 2-s2.0-85165532161 https://www.scopus.com/inward/record.uri?eid=2-s2.0-85165532161&doi=10.1016%2fj.est.2023.108360&partnerID=40&md5=44f52bbfbcdce83da9589e8100b47cb0 https://irepository.uniten.edu.my/handle/123456789/33901 72 108360 All Open Access Hybrid Gold Open Access Elsevier Ltd Scopus
institution Universiti Tenaga Nasional
building UNITEN Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Tenaga Nasional
content_source UNITEN Institutional Repository
url_provider http://dspace.uniten.edu.my/
topic Energy
Energy storage policies
Energy storage systems
Renewable energy
Second Life Battery
Second Life Energy Storage Systems
Data storage equipment
Economics
Electric energy storage
Electric power distribution
Energy policy
Investments
Lithium-ion batteries
Natural resources
Stochastic systems
Energy
Energy storage policy
Energy storage system
Renewable energies
Second Life
Second life batteries
Second life energy storage system
Storage policies
Storage systems
Renewable energy resources
spellingShingle Energy
Energy storage policies
Energy storage systems
Renewable energy
Second Life Battery
Second Life Energy Storage Systems
Data storage equipment
Economics
Electric energy storage
Electric power distribution
Energy policy
Investments
Lithium-ion batteries
Natural resources
Stochastic systems
Energy
Energy storage policy
Energy storage system
Renewable energies
Second Life
Second life batteries
Second life energy storage system
Storage policies
Storage systems
Renewable energy resources
Lee J.Y.
Ramasamy A.K.
Ong K.H.
Verayiah R.
Mokhlis H.
Marsadek M.
Energy storage systems: A review of its progress and outlook, potential benefits, barriers and solutions within the Malaysian distribution network
description To ensure access towards an affordable and clean energy for all, the Malaysian government has tabled the National Energy Policy in 2022 which further addresses the energy trilemma challenges and investment objectives on environmental, social and governance (ESG) core values. While Malaysia sets its target to achieve 18 % of total primary supply only relying on renewable energy sources, it is expected that there will be an energy mismatch between supply and demand within the network due to the stochastic behavior of weather dependent renewable energy sources (RES) such as solar PV. Hence, energy storage system (ESS) delivers a better solution with its capability to perform power regulation or as a storage unit to manage with the intermittent generation from existing renewable sources. Therefore, this review outlines the prospect and outlook of first and second life lithium-ion energy storage in different applications within the distribution grid system which aligns with the policies present in Malaysia. This paper also highlights both technical and non-technical reviews on both energy storage technologies. Evidently, the outcome of the paper shows that the application of energy storage exhibits better performance along with the integration of renewable energy sources as compared to the present technology in the Malaysian grid system. In addition, second-life lithium-ion batteries with 80 % of remaining capacity could potentially elevate the present economic value of ESS within its service lifetime. � 2023 The Authors
author2 57217227566
author_facet 57217227566
Lee J.Y.
Ramasamy A.K.
Ong K.H.
Verayiah R.
Mokhlis H.
Marsadek M.
format Review
author Lee J.Y.
Ramasamy A.K.
Ong K.H.
Verayiah R.
Mokhlis H.
Marsadek M.
author_sort Lee J.Y.
title Energy storage systems: A review of its progress and outlook, potential benefits, barriers and solutions within the Malaysian distribution network
title_short Energy storage systems: A review of its progress and outlook, potential benefits, barriers and solutions within the Malaysian distribution network
title_full Energy storage systems: A review of its progress and outlook, potential benefits, barriers and solutions within the Malaysian distribution network
title_fullStr Energy storage systems: A review of its progress and outlook, potential benefits, barriers and solutions within the Malaysian distribution network
title_full_unstemmed Energy storage systems: A review of its progress and outlook, potential benefits, barriers and solutions within the Malaysian distribution network
title_sort energy storage systems: a review of its progress and outlook, potential benefits, barriers and solutions within the malaysian distribution network
publisher Elsevier Ltd
publishDate 2024
_version_ 1814061093739298816