Estimation of energy storage and its feasibility analysis

Storage significantly adds flexibility in Renewable Energy (RE) and improves energy management. This chapter explains the estimation procedures of required storage with grid connected RE to support for a residential load. It was considered that storage integrated RE will support all the steady state load and grid will support transient high loads. This will maximize the use of RE. Proper sized RE resources with proper sized storage is essential for best utilization of RE in a cost effective way. This chapter also explains the feasibility analysis of storage by comparing the economical and environmental indexes.