1. Introduction—The Need for Energy Storage
The rampant increase in carbon dioxide emissions in the atmosphere and the associated global climate change (GCC) have become the major environmental concerns of the 21st century [
1]. It has become apparent to scientists that a drastic reduction in the global CO
2 emissions as well as other greenhouse gases (GHGs) is necessary in order to avoid a global environmental catastrophe [
2]. In the third decade of the 21st century, it appears that international conventions and agreements (in particular the
Kigali Agreement of 2016) will achieve the curtailment of refrigerant fluids that significantly contribute to GCC [
3,
4]. On the contrary, the global CO
2 emissions do not show any signs of reduction. Despite the pertinent (but non-binding)
Paris Agreement of 2015, the global use of coal—the most potent source of global CO
2 emissions—has increased by more than 2% annually in the non-OECD countries during the years 2017 and 2018 [
5]. More alarmingly, despite the significant coal combustion curtailment and CO
2 emission reductions in the countries of the Organization for Economic Cooperation and Development (OECD), the global CO
2 emissions have been steadily increasing by a compound rate of 1.7% during the last two decades and it does not appear that this long-term rate will diminish, at least in the near future [
6,
7]. The future increase in CO
2 emissions is corroborated by the fact that the most significant contributor to CO
2 emissions, coal combustion for electricity generation, continues unabated in the non-OECD countries and will persist at least in the near future [
8,
9]. With such persistent trends in fossil fuel combustion, the global anthropogenic CO
2 emissions in 2021 are expected to be approximately 35 billion tons and keep increasing, with the electricity generation industry being the largest emitter (approximately 43%), followed by the transportation sector and other industries.
Since the emissions from electric power plants account for the lion’s share of the global CO
2 emissions, and since these emissions take place in stationary sources (all vehicles used in transportation are moving sources), it is reasonable for policy makers to first target the electricity power plants for any future regulations on the reduction in CO
2 emissions. In order to limit the expected global temperature increase to a maximum of 2 °C by the end of the century, the Intergovernmental Panel on Climate Change (IPCC) recommends that the CO
2 emissions from the electricity generation sector should be reduced by 90% or more from the 2010 levels between the years 2040 and 2070 [
10]. The adoption of such lofty goals would completely transform the electricity generation industries by shifting the electricity generation from fossil fuels to renewable energy sources (RESs) and, perhaps, nuclear [
11,
12]. Solar and Aeolic (wind) energy are the most abundant RESs that will have to be tapped and significantly utilized in most countries, except the very few that have abundant and reliable hydroelectric and geothermal energy sources, such as Norway, Nepal, Iceland, Costa Rica and El Salvador [
13]. Following the IPCC recommendations, in the future, wind turbines and photovoltaic (PV) cells are expected to generate most of the electric energy for an increasing global population, which is expected to reach 10 billion in 2040 [
10].
Within the terrestrial environment (where the vast majority of energy processes take place), solar energy is periodically variable (the sun does not shine during the night on the Earth’s surface) and wind energy is intermittent (the velocity of the wind varies from zero on calm days to more than 50 m/s during severe storms). As a result, the wind and solar energy supply exhibits very large temporal and spatial fluctuations. On the other hand, the demand for electricity follows known seasonal and diurnal patterns that are independent of wind and solar energy supply. The conversion of the electricity generation sector to RESs will create supply-demand mismatches during several periods of time within the year. In some of these periods, the demand exceeds the supply and the difference must be provided either by fossil fuels (an undesirable consequence) or by other forms of energy that were stored in a previous time period. Similarly, on sunny and windy days when there is ample solar and Aeolic energy, the supply of energy would exceed the demand and the generated renewable energy should be stored, or otherwise will have to be dissipated/destroyed. Therefore, the utilization of energy storage (ES) becomes an essential element in a future where RESs supply a high fraction of the electric energy.
The supply-demand mismatch at the high penetration of solar-generated electricity is exemplified by the so-called
duck curve, a term coined by scientists in the California Independent System Operator (CAISO) [
14,
15]. The duck curve results from a plot of the hourly electricity demand minus the renewable energy generation in a region where the PV-generated electricity is high.
Figure 1 illustrates the duck curve with reference to the hourly demand during a summer day in the city of San Antonio, Texas (data from [
16]). The upper curve represents the hourly power demand in the region. The noteworthy increase in electricity demand during the afternoon hours signifies the contribution of air conditioning to the summer demand. The next three curves pertain to stipulated annual contributions of PV cells to the total electric energy during a year. For example, “20% from PV” implies that PV cells (installed either in buildings or in solar farms) supply 20% of the annually generated electric energy. As all of the energy from PV cells is generated during the day, the effect of this type of electricity generation appears only during the daylight hours, and especially during the morning hours when the solar irradiance is strong, but the air conditioning demand does not fully materialize. The last (horizontal) line shows the contribution of the nuclear power plants, approximately 1100 MW for this city. It is observed in
Figure 1 that, as the market penetration of PVs increases and more electric energy is generated by PV cells, the electric power demand from the non-solar units significantly decreases. When the contribution of the solar units reaches and exceeds 20% of the annually generated electricity, the duck curve drops below the nuclear generation capacity. Given that the current group of nuclear reactors in the USA (and several other countries) generate power at a constant level and do not follow the electricity demand fluctuations, this implies that the excess energy during the morning hours (the area between the lower part of the duck curve and the nuclear capacity line) must be either dissipated in the electricity grid or otherwise stored.
A curve that is analogous, but not of the same shape as the duck curve, is created when the wind market penetration increases.
Figure 2 shows the hourly power demand in ERCOT—the grid that supplies power to most of Texas—during a day in the spring, when the demand is not high and the wind in the region is strong, especially in the early hours of the morning and after dusk, (data from [
17,
18]). The nuclear generating capacity in the region is approximately 4950 MW and is represented by the horizontal blue line. It is observed that the non-wind power demand drops below the nuclear capacity and even below zero for most of the 24 h period, when the renewable wind units generate 50% of the total annual electric energy. These dips are due to a combination of the higher wind energy during the nighttime and the lower demand during the early morning hours. They signify high wind power generation that cannot be absorbed by the demand. The excess power (the dip below the nuclear supply level) must either be stored or otherwise dissipated in the grid and wasted. The shape of the curves in
Figure 2 also points to the fact that the demand from the non-RES power plants may have several minima and maxima during a 24 h period. Given the high variability and uncertainty in the wind-generated electricity, any type of planning to meet the power demand of the consumers without sufficient storage will be highly probabilistic and laden with significant uncertainty.
The demand-supply mismatch, as illustrated in
Figure 1 and
Figure 2, will place considerable peaking and ramping regulation stress on electricity grids and conventional dispatchable generators. Several studies have been undertaken to explore its impact on the planning of the power systems in a future that includes significant power generation from RESs. A report by the National Renewable Energy Laboratory in the USA examined the accommodation of the potential overgeneration of power by PV units, the implied risk for the stability of electricity grids and the ways to “flatten or fatten” the duck curve [
19]. Other general studies on the supply-demand mismatch focused on increasing the revenue potential of the industry using the excess power to produce hydrogen for fuel-cell vehicles [
20]; on using the excess energy in electric boilers for heat, and pumped hydro systems (PHS) in parts of China [
21]; on reducing the minimal load on conventional generators, load shifting and ES [
22]; on supply energy management systems using utility-level storage that accommodates the excess power generation [
23]; and on the probabilistic modeling of the supply-demand mismatch for a more flexible resource planning for the generation of electric power, including the retrofitting of coal power plants [
24]. The latter study pointed out several shortcomings of the duck curve theory as it is used by some researchers, such as: (a) it only exhibits a single minimum and a single maximum; (b) studies on the duck curve are mostly deterministic, while the demand for electricity is highly probabilistic and is laden with high uncertainty; (c) the approach does not accurately account for the possible curtailment of renewable energy; and (d) the decision-making process based on a deterministic duck curve tends to highly favor and promote flexible energy sources.
The effects of the supply-demand mismatch may be mitigated using a combination of energy conservation methods, demand smoothing, and ES in all its forms including thermal storage [
25,
26]. Among the specific studies to promote and bring equilibrium to the electricity demand and supply are centrally controlled air conditioning and refrigeration loads after dusk, proposed in [
27]; the use of tariffs and fluctuating electricity prices for consumers to store energy in batteries [
28]; a combination of PV curtailment and battery usage that pertains to the electricity consumers in Switzerland [
29]; the modification or retrofitting of coal power plants in China to follow the electricity demand in combination with demand modulation and battery storage capacity [
30]; and the retrofitting of the fossil-fueled plants to enable them to reduce their output and somehow more closely follow the demand of the consumers [
31]. The last approach will have higher impact and will be more attractive in countries with a high fraction of their electricity derived from coal such as China, India, Estonia and Australia. A careful examination of the investment and operational costs for all the demand-supply mitigation systems and processes makes it apparent that the final cost of electric energy to the consumers in a 90% renewable electricity market (as advocated by the IPCC [
10]) would increase by a factor of two to three [
32,
33]. The significant cost of electricity to the consumers, because of the needed ES when an electricity grid transitions from fossil fuels to RESs, is recognized in all pertinent publications, including [
34,
35], with some publications advocating methods and systems that may lower this high cost [
36,
37].
Several review papers have been recently published on all aspects of ES. Among these, two general review articles concentrate on the technologies for grid electricity generation [
38,
39]; another general article focuses on the life-cycle costs and analyses of ES systems [
40]. Other review articles focus on particular ES systems such as battery storage [
41] and hydrogen storage [
42,
43], or on particular applications on the consumer side, such as communities and building clusters [
44]. This review article aims at presenting the ES systems from a thermodynamic standpoint including their basic properties; figures of merit that pertain to thermodynamic properties and utilization; storage capacity; and energy dissipation associated with the storage-recovery (charging-discharging) energy conversions. Particular emphasis is placed on systems that are viable and able to significantly contribute to the transition of the electricity generation industry from fossil fuels to RESs. For reasons that are explained in the last section, this review will not deal with costs, pricing and other marketing and economics variables, which are currently laden with high uncertainty.
6. Electrochemical Energy Storage
Most of the energy we currently use for electricity generation and propulsion emanates from the chemicals of fossil fuels. Coal, oil and natural gas are composed of chemicals that were formed millions of years ago and their energy has been stored since their formation. Chemical energy has very high specific energy and energy density and is easily converted to thermal or electrical energy. These characteristics make chemical storage a very desired mode of ES.
The thermal energy (heat) released during the combustion of a chemical compound is equal to the enthalpy of combustion,
−∆
Ho, while the maximum amount of electrical energy that may be obtained (in direct energy conversion devices) is equal to the Gibbs free energy,
−∆Go. For most solid and liquid chemicals, the difference between the two is less than 2% and, hence, it is often stipulated that
− ∆
Ho ≈ −∆
Go [
71]. The maximum voltage (electromotive force) that may be obtained from a chemical reaction occurs during a reversible process and is given by the expression:
where
F is Faraday’s constant, 96,000,000 Cb/kmol, and
ζ is the valence number of the reaction—the number of electrons transferred per reacting atom. In the Zn–Cu reaction, which is the principal reaction of the Daniel cell, Δ
Go = 212,500 kJ/kmol and
ζ = 2. Hence, the maximum voltage the Daniel cell may generate is approximately 1.1 V. This low voltage is a typical value for most electrochemical cells, and, for this reason, several electrochemical cells are connected in series in a battery to develop voltages in the range 10–20 V, which is recommended for most applications. In practice, internal irreversibilities connected to the passage of ions in the electrolyte and external irreversibilities related to the flowing current reduce the voltage which is actually available from a cell by 5–20% of its maximum value [
13].
Batteries are much smaller than PHSs and CAESs and, in general, hold significantly less energy than these utility-level storage systems. Very large banks of batteries may be used for such large-scale storage, but their costs will be by far greater than those of PHSs and CAESs. However, batteries are very convenient to use, they have significantly lower dissipation rates and have higher round-trip efficiencies. Given their importance in modern applications such as laptop computers, cell phones, electric vehicles of all types, instrumentation, communications and other electronics, several types of batteries have been developed and marketed in the first two decades of the 21st century. The following subsections describe some of the commonly used types of batteries, starting with five categories of rechargeable batteries. It must be emphasized that this is not a review on batteries and battery types and that a great deal more information may be found in specific and dedicated reviews that are cited below.
6.1. Lead–Acid Batteries
This is one of the most common types of batteries, used for the starting of automobiles and all marine applications. The electrochemical energy conversion is based on the following overall reaction in the cells:
The lead–acid batteries are products of a mature technology that originated in the mid-19th century and are widely used in automobile and marine (deep-cycle) applications. Each cell of a lead–acid battery generates approximately 2 V, according to Equation (10), and this implies that six cells can be combined in series to produce the 12 V required by most automobile and marine diesel starters [
25].
Lead and its compounds are very dense materials, and this makes the typical lead–acid batteries heavy. Commercial lead–acid batteries may be discharged down to 20% of their capacity, thus offering approximately 0.35 kWh of electricity storage. These batteries typically weigh approximately 18 kg and—with their wiring and “breathing space”—occupy a volume of 10 L. This implies that typical lead–acid batteries have relatively low specific energy (~0.02 kWh/kg, 72 kJ/kg) but relatively high energy density (35 kWh/m
3). Recent research with lead-acid batteries adopted lead-carbon electrodes, which extend the amount of ES and the durability of the batteries [
94,
95]. Another design modification has produced the so-called “ultra-battery,” which uses a split design for the negative electrode and combines an asymmetric supercapacitor and a lead-acid cell in one unit. The addition of the supercapacitor functions as a buffer in charging and discharging and enhances the power and lifespan of the lead-acid cell [
96,
97].
As lead–acid batteries are inexpensive and their technology is well known, systems of multiple deep-cycle lead-acid (DCLA) batteries that provide steady current over long periods of time have been developed to be used in the power industry. Banks of DCLA batteries may provide up to 1 MW of power, which makes them suitable for microgrid ES applications and peak shifting with PV systems [
39,
98].
6.2. Nickel-Based Batteries
This family of batteries includes, among other types, nickel-cadmium (NiCd), nickel metal hydrates, nickel hydroxide and several of their modifications and derivatives. The nickel-based battery technology is relatively mature without a large environmental footprint [
99], the batteries have long life cycles, relatively high specific energy in the range 0.05–0.075 kWh/kg and relatively high energy density in the range 170–420 kWh/m
3 [
39,
97,
98]. Their superior performance at elevated temperatures and harsh environmental conditions makes them suitable for PV applications. However, and because of their high rates of self-discharge, they are not recommended for long-term microgrid- or grid-level ES and management systems [
98,
100,
101].
6.3. Sodium-Based Batteries
Two commercially available members of this battery family are sodium–sulfur (NaS) and sodium/metal chloride—with NaNiCl and NaAlCl being the most common batteries in the latter category. Both types of batteries are high-temperature systems operating close to 350 °C, where the sodium is in the liquid state. The NaS cells develop voltage in the range 1.75–2.08 V depending on their state of charge; they have relatively low specific energy (0.15–0.24 kWh/kg) compensated by significant specific power (0.15–0.24 kW/kg); they have very high ES capacity—close to 245 MWh—and significantly high round-trip efficiency, in the range 75–90% [
39,
102]. The NaS batteries represent a mature technology and have been used since the 1960s in the electric power industry for load leveling and power quality [
98]. Due to their high temperatures and because molten sodium is corrosive, these batteries only come in large, stationary systems for microgrid and partial grid storage applications with relatively low power generators, such as wind turbines [
103,
104]. Ongoing research with NaS batteries includes lower temperature operation and safety factors [
105].
The characteristics of the NaNiCl and NaAlCl batteries, which are also known as zero-emission battery research activities (ZEBRA) batteries, are similar to those of NaS batteries [
106]. They also operate at high temperatures where the sodium is liquid, and their voltage is slightly higher at 2.58 V. One of the advantages of the NaNiCl cells is that they develop very low internal resistance when a fault occurs in the cell. As a result, any failure of a cell, when connected in series with others, does not cause the failure of the entire system. This and the relatively high energy density make them suitable for automotive as well as renewable energy applications at the distributed storage (household) level [
39,
107].
6.4. Lithium-Based Batteries
The family of lithium-based batteries includes the lithium-ion batteries, which operate with migrating lithium ions and a large cohort of electrodes. The first members of this family were developed in the 1990s and now comprise more than one hundred members, which were originally developed for a variety of applications, including electric vehicles, both plug-in and hybrid.
Lithium is the lightest element that exists in the solid state at ambient conditions, its atom and ionic radius are very small and its atoms and ions readily diffuse in the matrix of any host material. In addition, the redox potential of lithium is −3.04 V, which is low compared with other ions—e.g., that of standard hydrogen. This enables higher voltages to be developed in lithium-based batteries as well as higher specific energies. With such attractive material properties, the Li-ion technology has captured the markets of portable electronics and small power tools [
108,
109]. The development of the graphene matrix for the anodes has significantly improved the specific energy and durability of the batteries [
110,
111]. In some applications, prelithiated graphite (Li
nC
6) has been used to supply the anode of batteries with lithium and generate “lithiated” compounds that are used in the manufacture of
amphi-redox LMO batteries, which have significantly high storage capacity.
Figure 6 is a schematic diagram of the operation of a Li-ion cell. The anode consists of a carbon matrix (graphene in this case), where the small Li atoms are loosely dispersed in the graphene matrix, and a copper layer (often called the “current collector”) that facilitates the flow of electrons in the external circuit. The anode is separated from the electrolyte solution by a semipermeable membrane that allows the lithium atoms (Li
+) to diffuse in the bulk of the electrolyte. The electrolyte may be an organic liquid or a solid. In the latter case, the solid matrix of the electrolyte acts as separator and membranes are not needed at the two electrodes. The cathode is typically composed of a metal oxide or phosphate, such as LiCoO
2, LiMnO
2 or LiFePO
4, with an aluminum conductor (the second “current collector”) that facilitates the flow of electrons from the external circuit [
110,
112]. During the discharge of the battery, Li in the anode is oxidized (de-intercalates) to Li
+ ions and diffuses towards the electrolyte, thus separating the Li
+ ions and the electrons, which enter the external circuit. The external voltage causes the Li
+ ions to migrate toward the cathode. The flow of electrons is impeded by the electrolyte matrix or the separator and, hence, the path of the electrons is through the current collectors and the external circuit [
113]. A reduction reaction takes place in the cathode, where the Li
+ ions combine with the electrons that flow through the external circuit, a process known as intercalation.
Table 4 shows the ES properties of four types of Li-ion cells, the voltage they generate, the electric charge capacity they have, in Ampere-hours per kg of weight, and the specific energy that may be stored in such cells, in kJ/kg [
25].
It is apparent that Li-ion batteries may store more energy per unit weight than other types of batteries and for this reason they have been recommended to be used for electric vehicles where weight matters [
113,
114]. However, their energy-to-weight ratio is significantly lower than that of octane (44,430 kJ/kg), the principal constituent of gasoline. The weight of the battery in the typical plug-in electric vehicles is compensated by the absence of the (heavier) internal combustion engine [
25,
115].
A significant drawback of the Li-ion batteries is that the metal oxide electrodes are unstable at higher temperatures. If they decompose, they release oxygen that reacts exothermically with other materials in the battery and generates heat, which causes fires in confined spaces, such as luggage. This has become a significant concern in the airline industry, where a few laptop battery fires have caused enormous safety problems, including the emergency landing of aircraft, prompting several airlines to ban the storage of Li-ion batteries in checked baggage [
116]. In order to minimize this problem, the batteries are equipped with monitoring devices to avoid over-charging; to keep the current within safe limits; and to maintain the battery temperature within safe limits [
117,
118]. The development of new, more stable materials for the electrodes and continuing research on the safety of Li-ion batteries are expected to alleviate these safety-related problems in the future [
39,
119].
6.5. Metal-Air Batteries
The operation of these batteries is based on the oxidation of a metal anode. Oxygen from the air diffuses in an aqueous electrolyte via a porous carbon cathode and forms OH- ions, which migrate in the anode and convert the metal to its hydroxide. Due to the high Gibbs’ free energy of several metals, this type of battery may reach high specific energy. The zinc-air battery, which has been commercially developed, has an upper limit of specific energy of 0.65 kWh/kg.
The theoretical limit of the lighter lithium–air battery is approximately 11 kWh/kg—only lower than that of octane by a factor of four. However, because lithium in its metal form has very high reactivity with ambient air and moisture, it is doubtful that this type of battery will be commercially developed. A second disadvantage of all the metal-air batteries is their lower round-trip efficiency, which is close to 50%. Developments in materials technologies and further research in this area may make these high energy-to-weight ratio batteries safer and marketable in the future [
46,
83,
97,
120].
6.6. Flow Batteries
The conventional batteries, described in
Section 6.1,
Section 6.2,
Section 6.3,
Section 6.4 and
Section 6.5, are essentially closed thermodynamic systems, where all the stored energy is in the mass of the electrodes. After the batteries discharge, the mass of the electrodes must be replenished by electric charging, typically a very slow process. Faster charging of conventional batteries is laden with significant thermodynamic irreversibility, high energy dissipation and poorer round-trip efficiency. The slow charging is a significant impediment to the market penetration of plug-in electric vehicles that need several hours to recharge their batteries. Another problem with the sizing of the conventional batteries is their stored energy–power dependence; all the stored energy resides in the volume of the electrodes, and the available power is a monotonic function of the electrode area. As a result, the stored energy and the available power are connected to the size of the battery and are not independent—actually, the two vary monotonically with the size/volume of the battery.
Flow batteries are free of the slow charging limitations. Energy in the flow batteries is stored in liquid electrolytes, which are kept in reservoirs and circulate in the cell (sometimes called the reactor) of the battery either by pumps or by gravity. Thus, the electrolyte replenishment and recharging of the flow batteries takes place in minutes, while the recharging of conventional batteries takes place in several hours. In addition, the stored energy and the available power are independent in flow batteries; the size of the tanks determines the stored energy and the area of the cell/reactor determines the available power [
121,
122,
123].
Figure 7 is a schematic diagram of a flow battery. Pumps supply the anode and the cathode of the central cell (reactor) with liquid electrolytes from two external reservoirs. The semipermeable membrane at the center of the cell selectively allows the ions to pass from one side of the cell to the other.
It must be noted that the operation of the flow batteries is similar to that of fuel cells, which are also open thermodynamic systems. The difference between the two types of direct energy conversion devices is that, in the fuel cells, it is only the fuel and the oxidant (typically air) that enter the cell, with the electrolyte remaining in the fuel cell, while in the flow batteries the entire mass of the electrolytes is pumped into the cell.
Two types of flow batteries have been developed: the
redox and the
hybrid. The
vanadium redox battery (VRB) utilizes vanadium ions in different oxidation states; at the positive electrode, the exchange of the ions
VO2+ and
VO2+ takes place, while in the negative electrode, the exchange is between the ions
V2+ and
V3+ and
H+ ions are exchanged through the semipermeable membrane. For example, during the discharge of the VRB, the following reactions take place [
124,
125,
126]:
The
zinc-bromine battery is a representative of the hybrid type flow batteries, which are so-named because their electrodes are eroded or replenished by one of the components in the electrolyte. During the discharge cycle of this type of battery, bromide ions are converted to bromine gas in the negative electrode (anode) and zinc ions are converted to zinc in the positive electrode (cathode) [
127,
128,
129].
It is apparent that, during the discharge phase,
Zn is electroplated on the cathode and this weakly connects the amount of power produced and energy stored, as in the conventional batteries. The production of the corrosive bromine gas at the anode may become an environmental problem, e.g., following an accident when the gas is released for this and other types of flow batteries that produce corrosive materials [
130].
Among the advantages of the two types of flow batteries are [
39,
98,
131,
132,
133]:
Ability to discharge to 0% of charge (100% depth of discharge).
Higher cycle life at 100% depth of discharge.
No shelf-life limitations since flow batteries are non-perishable.
Scalable ES capacity that depend only on the volume of the electrolyte reservoirs.
The ability to store energy from any electricity-generating source.
High rate of discharge over significant times.
Fast recharge of the battery-operated systems by replenishing the electrolyte in the reservoirs.
Low equivalent carbon emissions during their life cycle [
134].
Higher specific energy and energy density relative to the lead-acid batteries, but lower than that of lithium-based batteries.
Significantly higher cost. However, the cost may improve with larger systems and longer hours of discharge.
Relatively low round-trip efficiency.
Limited operational temperature range, typically 10–35 °C.
Even though they represent new technologies, because of their capacity to store large quantities of energy, flow battery facilities have been developed in several parts of the globe. According to the DOE database [
49], there are 89 ES installations worldwide. Among these, the Dalian VFB-UET/Rongke power facility in Dalian, China has a 800 MWh capacity—it may supply 200 MW for four hours—and it uses vanadium technology and is connected to the main grid of Liaoning Province. A facility in Kazakhstan operating with Zn-Br flow batteries supplies 25 MW for four hours (100 MWh capacity) and is designed to help this country reach its goals of 30% renewable electricity by 2030.
6.7. Advantages and Disadvantages of Conventional Batteries
Most conventional battery types represent mature technologies and they are easy to manufacture and use. Batteries readily provide power at demand, within milliseconds, and their operation is clean. Charging conventional batteries takes a long time but is typically accomplished with high efficiency. Similarly, their discharging efficiency is high. As a result, the round-trip efficiency of commercial batteries may be as high as 90%, when charged and discharged optimally.
Conventional batteries are not suitable for the storage of large quantities of energy. A glance at
Table 4 proves that the storage of 1 kWh of electricity (3.6 × 10
3 kJ) requires the equivalent of 1.7 to 2.5 kg of Li-ion batteries. This range becomes 24–30 kg/kWh for lead batteries [
138]. For this reason, conventional batteries (flow batteries are excluded here) for grid-level and utility-level storage must be installed in buildings with foundations that will support the total weight—provided that the cost favors such an application. Conventional batteries may be of use for the storage of smaller quantities of energy in distributed storage applications (households) and microgrids for small communities.
One of the disadvantages of lead-acid batteries as well as several other types of batteries is the self-discharge caused by the
current drift [
25,
139,
140]; the voltage difference and the finite resistance of the battery cells create an internal current, even when the poles of the batteries are not connected to an external circuit. This is the reason that automobile batteries “die” or “are drained” when the car remains idle for long periods of time. The current drift dissipates the stored energy and, over long time periods, discharges the batteries. Typical self-discharge rates for common rechargeable cells are for lead–acid 4% to 6% per month; for nickel–cadmium 15% to 20% per month; for nickel metal hydride 30% per month; and for lithium 2% to 3% per month [
141,
142,
143]. It has also been observed that the self-discharge rate may accelerate when the batteries are exposed to even routine short-term thermal exposure [
144]. This implies that batteries are not suitable for seasonal ES, for example, harnessing the high winds of the spring to store energy in order to satisfy the high electricity demand of the summer.
A second disadvantage of all batteries, especially in high energy-demand regions, is the limitation of charging-discharging cycles. After a few thousand charge-recharge cycles, batteries fail to efficiently recharge and need to be chemically regenerated (recycled). With the current electric energy demand, battery ES in typical households in the south and southwest parts of the USA, where the use of air conditioning is widespread, necessitates the installation of the equivalent of 180 heavy-duty marine batteries per household [
16,
145,
146]. Consequently, every household in these and similar regions must send for recycling or replacement the equivalent of 45 to 90 vehicle batteries per year. The volume of this battery traffic is very high and the environmental risk from misplaced, discarded and badly disposed batteries is substantial, because all batteries contain heavy metals (Pb, Ni, Co, Mn, Cd, etc.) that have been proven to be harmful to animals and humans [
147,
148,
149].
For conventional batteries to play an important role in seasonal electric ES, even at the household level, significant research and technological advances must occur with goals to:
Increase their specific energy and energy density.
Reduce the recharge time and associated energy losses (dissipation).
Eliminate or significantly diminish the internal current drift and self-discharge.
7. Hydrogen Energy Storage
The storage of energy in hydrogen and its conversion to electricity in fuel cells is basically a type of electrochemical process. Due to the unique characteristics of hydrogen and the attention it has drawn in the scientific and engineering community in the last fifty years in anticipation of the so-called
hydrogen economy [
150,
151], hydrogen storage is presented as a separate section. The physical properties of hydrogen and the variables that are pertinent to its suitability as an ES medium are shown in
Table 5.
Hydrogen may be used both in direct energy conversion (DEC) devices, such as fuel cells, and in internal combustion (IC) engines and burners. As a result, it is a direct substitute for all fossil fuels, in power plants, IC engines and jet engines. In the transition from fossil fuels to renewables, hydrogen has been advocated as an effective and environmentally friendly ES medium for the following reasons:
It is the lightest element with very high specific energy (Δ
Ho = −142.7 MJ/kg; Δ
Go = −118.6 MJ/kg). For comparison, Δ
Ho for octane is −49.5 MJ/kg and for most batteries Δ
Ho is on the order of 1 MJ/kg [
98,
152].
The energy density of hydrogen at ambient conditions is relatively high, but not as high as the energy density of liquid fuels. Compressed hydrogen and liquid hydrogen have significantly higher energy densities. As is shown in
Table 5, the energy density is significantly higher at higher pressures with 1 m
3 of hydrogen at 500 bar storing the equivalent of 1 MWh of electric energy. Liquid hydrogen at atmospheric pressure has extremely high specific energy and energy density but needs to be stored at about 20 K (−253 °C) [
72,
153].
As hydrogen is a constituent of water in the hydrosphere, this element is abundant and almost inexhaustible.
Hydrogen is a stable compound. It may be stored and used after a long time, e.g., for the seasonal storage of wind energy from the spring to the summer season.
Hydrogen may be easily generated by the electrolysis or thermolysis of water and hydrocarbon splitting—all mature and well-known technologies [
154,
155,
156,
157]. Microbial electrolysis is also possible [
158,
159]. The efficiency of the several electrolysis processes is relatively high, in the range 70–90%, and hydrogen production does not appear to create an environmental pollution risk [
160,
161,
162].
The emissions from hydrogen conversion systems are water, a harmless and non-polluting compound.
If released, hydrogen is not harmful to the environment and does not pose any health threats to humans.
It may be used in IC engines and as combustion fuel in gas turbines, as well as in fuel cells.
It has very low viscosity. Hydrogen may be transported in pipelines, similar to natural gas pipelines, with low frictional losses [
163,
164].
Handling and storing hydrogen are mature technologies, where significant industrial expertise has been accumulated [
151,
165,
166].
Hydrogen-operated automobiles and trucks do not emit pollutants and may be recharged in very short times. As such, hydrogen vehicles are ideal for inner city and long-distance transportation. There are already several operational “hydrogen routes” for hydrogen vehicles in Europe, Japan and several states in the USA [
167,
168].
Hydrogen production and utilization as an ES medium also have several disadvantages and shortcomings:
If hydrogen gas is to be used as an ES medium it must be stored under high pressure and this necessitates the manufacturing of strong container vessels with thicker walls and coatings to eliminate hydrogen embrittlement. This may entail increased cost but does not represent a momentous technological challenge. The automobile industry manufactures several passenger vehicles (e.g., the Toyota Mirai, the Hyundai Nexo, the Honda Clarity and the Hyundai Nexo). Compressed hydrogen tanks that store the gas in the range 300–700 atm are in place for these vehicles and several trucks, which are currently in the market and operate with fuel cells. It must be noted, however, that the compression process consumes significant quantities of energy that are not recovered in the typical fuel cells and burners. For example, the energy required for the compression of hydrogen to 500 atm (in a two-stage compression system with 82% efficiency) is 16.94 MJ/kg, or approximately 14% of the stored specific exergy, −ΔGo.
The formation and transport of hydrogen-based compounds that would release the gas when needed is another method that has been successfully developed. Hydrogen forms van der Waals bonds with many elements. This enables hydrogen to be adsorbed on materials with large specific areas. Porous carbon, zeolites and porous polymers are among the materials successfully used for hydrogen adsorption [
152,
174,
175]. However, hydrogen adsorption is an exothermic reaction that requires significant cooling—currently supplied by liquid nitrogen in typical hydrogen adsorption systems. It has been estimated that approximately 10 kg of liquid nitrogen are required to remove the heat of adsorption of 1 kg of hydrogen [
152].
Another method for hydrogen storage and transport is the formation of metal hydrides. Among these, magnesium hydride, MgH
2, may store 7.6% hydrogen by weight, but the chemical bond is very strong and significant energy is required to release the hydrogen. In addition, the reactions of both the formation and the dissociation of MgH
2 are sluggish, requiring high temperatures [
176,
177,
178]. Aluminum hydride, AlH
3, may store up to 10.1% hydrogen by weight and the hydrogen bonds with Al are weaker. However, the formation reaction is highly irreversible and requires very high pressures [
179,
180]. Complex metal hydrides [
181,
182], such as alanates (e.g., NaAlH
4) [
183], borohydrides [
184] and metal amides [
185], have also been researched and recommended as hydrogen carriers that combine high specific energy and high energy density.
Common chemicals, such as ammonia (NH
3), formic acid (HCO
2H) and methanol (CH
3OH), which are industrially manufactured and commercially used in large quantities, have also been proposed as hydrogen carriers. Apart from their relatively high specific energy and energy density, significant advantages of these chemicals are that they represent well-known technologies, they are cheap to manufacture, they are easy to transport, and they are relatively environmentally benign [
186,
187,
188,
189,
190,
191]. The development of fuel cells that would efficiently utilize these high-density, chemically stable and easy to produce hydrogen carriers would revolutionize the electricity generation and automobile industries.
8. Thermal Energy Storage
As thermal energy (heat) is needed in several domestic applications, such as space heating and hot water, and because heat may also be converted to motive power and electricity, the storage of heat is an alternative ES medium. Thermal energy storage (TES) applications are met in a wide range of temperatures from very high (e.g., in molten salts) to cryogenic (e.g., in liquid nitrogen). TES systems are characterized as
sensible heat storage (e.g., in hot water, solid beds of pebbles or organic liquids) and
latent heat storage (e.g., in liquid nitrogen, steam, molten salts or phase change materials). The temperature of the sensible TES systems decreases when heat is extracted and increases when heat is added. In the latent TES systems, the temperature remains almost constant during both heat addition and heat extraction. Typically, TES systems based on latent heat have higher specific energies and energy densities. In particular, specifically designed phase-change materials (PCMs) not only have superior specific heats and higher energy densities, but also absorb and supply heat at desired temperatures [
25,
82,
192,
193,
194].
One of the disadvantages of the TES systems is that, because they are at temperatures significantly different than the ambient, they exchange heat with their environment, and part of their thermal energy advantage is dissipated. When the temperature of the TES,
T, is different than that of the ambient,
Tamb, heat is exchanged with the natural environment:
where
U is the overall heat transfer coefficient of the storage vessel of the TES system and
A is the outside area of the vessel. For sensible heat TES systems, if the initial temperature of the thermal storage material is
T(0), after a time period
t, the temperature becomes [
25]:
where
τst is the characteristic time for the thermal storage material. For a material with density
ρ and specific heat capacity
c, contained in a vessel with volume
V and outside area
A, the thermal characteristic time
τst is given by the expression [
13]:
As a result of the heat exchange with the environment, the difference in the thermal energy of the TES when the temperature changes from
T(0) to
T is:
It is apparent that when
τ→∞, then
T→Tamb and
E(
t)→0. Equations (15) and (17) demonstrate that the temperature of a sensible heat storage system drops exponentially and that eventually—at high values of the ratio
t/τst—it becomes approximately equal to the ambient temperature. A typical 400 L hot water heater, if left without recharging, would dissipate 25% of its stored heat during one day and 87% of its energy during a week. Similarly, with a latent heat TES system, the storage material will gradually undergo phase change and its temperature will tend to the ambient temperature. At their environmental state (dead state) the exergy of all materials is zero and the materials do not store any useful energy [
71,
195,
196,
197]. Therefore, TES systems are unsuitable for long-term ES, because their energy (or energy deficit if they operate at lower temperatures) dissipates in the environment. The layers of insulating materials currently used with TES systems exhibit low enough values of
U to enable heat storage for 6–16 h, without a significant temperature drop and energy exchange with the environment. For this reason, TES systems are used with diurnal heating cycles (e.g., storage of solar-generated heat during the day and use during the night) but not with seasonal cycles (e.g., heat storage during the spring and summer to be used in the winter).
8.1. High-Temperature Storage
Steam at temperatures higher than 100 °C, organic fluids, molten oxides and molten salts are the main types of materials that would supply heat at high temperatures. The most significant applications of TES systems at high temperatures are:
To supply with heat a Rankine cycle for the generation of electricity.
Gemasolar, the largest thermal solar power plant in the world (formerly known as
Solar Tres), makes use of a large molten salt (primarily nitrate salts) storage tank. Heat is stored in a large tank containing the nitrates at 565 °C and is used during the dusk and night hours to raise steam for the turbines of the thermal solar power plant [
198]. This enables
Gemasolar to continuously generate electricity for fifteen hours after sunset, allowing the plant to run 24/7 during the summer months. The predecessor of this plant,
Solar Two in California, also relied on molten salts to extend its hours of electricity generation. High-temperature TES systems enable the concentrated solar power plants to reach high-capacity factors and generate dispatchable power [
199,
200]. TES systems may also be used with nuclear power plants, both water and gas cooled; given that the thermal output of nuclear power plants must remain within narrow boundaries, the use of high-temperature TES systems in nuclear installations has been proposed to meet the electric power-demand fluctuations at the utility level [
201].
To supply high-temperature industrial processes. In such cases, steam (at both high and low pressure) is generated and stored in large, insulated tanks to supply industrial processes with heat at well-controlled temperatures for a plethora of applications [
25,
202,
203,
204]. A few types of district heating also use low-pressure steam [
205,
206].
To supply heat to an absorption or adsorption cycle for cooling, a process commonly called
solar cooling [
207]. A temperature higher than 100 °C is considered to be of “high quality.” Cooling systems that are supplied with high-quality heat may operate chillers with two or three effects, the chillers are more efficient and their refrigeration capacity is significantly higher [
206,
208,
209].
Figure 8 is a schematic diagram of a system that uses solar heat to supply a building with chilled water for air conditioning. When the heat from the collectors exceeds the heat required by the chiller, the hot water tank of the building is charged. Conversely, when the heat required by the chiller exceeds the supplied solar heat, the thermal storage is discharged to match the demand.
It must be noted that the TES medium, which is labeled as water in
Figure 8, may be any other suitable fluid or a latent heat storage material [
210]. Air conditioning for buildings using absorption cycles consumes significantly less electric power than compression cycles, because electric power is only used to pump liquids and not to compress the vapor of the refrigerant [
151,
211]. Given that air conditioning demand is increasing at a very fast pace globally, and the peak of air conditioning demand coincides with the electric power demand peak in most OECD countries, the spread of solar cooling will both decrease the peak power demand and will reduce the electric energy demand in the electricity grids during the summer months [
212,
213].
The process of using the stored thermal energy (heat) for the generation of electricity or motive power is subjected to the Carnot limitations. This, in combination with the low heat collection efficiencies—in the range 40–70%—results in significantly lower round-trip, first-law and exergetic efficiencies, in the range 10–30%. Despite this, the use of high-temperature TES systems is growing because: (a) it is based on mature technologies; (b) it is one of the very few methods to store thermal energy from concentrated solar collectors.
8.2. Lower-Temperature Storage
The primary reason for lower-temperature heat is for domestic comfort: heating for buildings, hot water supply and cooling. From the beginning, it must be noted that, currently, most buildings are equipped with a tank to store hot water at temperatures in the range 45–60 °C. When hot water is needed in the building, water is withdrawn from the tank and, when the water temperature in the tank falls, water is heated by an external source (solar, natural gas or oil) and the tank is recharged. The proliferation of solar collectors, especially in Mediterranean countries, has significantly improved the technology of solar heating for both hot water and space heating/cooling during the winter months [
206,
214].
In the case of heating (either hot water for domestic use or for space heating) a hot fluid—either water or a water-based mixture—is heated in solar collectors and stored in well-insulated tanks for its thermal energy to be used when needed. The insulation of the tanks is typically good enough to store the hot water for 10–20 h without significant heat loss and a significant temperature drop [
209,
215].
In the case of cooling, an absorption or adsorption cycle is employed, as shown in
Figure 8. For the cooling of buildings, the storage medium is chilled water or a mixture of water and ethylene glycol, at typical temperatures of 0–8 °C. Industrial refrigeration requires lower temperatures and the storage media are organics with lower freezing points, or suitable phase-change materials [
216,
217]. Several large buildings (including those in several universities, hospitals and airport terminals throughout the world) already use this method to shave the peak electric power demand and avoid buying the more expensive electricity during peak demand hours. For example, the Dallas–Fort Worth (DFW) international airport has available a large tank of 22,712 m
3 (6 million gallons), where chilled water is stored at an average temperature of 8 °C, to be used during the peak electric power-demand hours in the summer. This TES system has 90,000 ton-hours of refrigeration capacity (1.08 × 10
9 Btu or 1.14 × 10
12 J) and provides the five terminals of the DFW airport with air conditioning [
25,
218]. A recent study on clusters of grid-independent homes concluded that the inclusion of similar TES systems in communities solely relying on RESs for their electric power would reduce the required solar power (PV) installation by about 40%, would reduce the energy dissipation associated with ES for electricity generation by a factor of three and would reduce the needed ES capacity by a factor of four [
144].
Given that heating and air conditioning in buildings account for more than one-third of the total energy consumption globally, and also for approximately 40% of the CO
2 emissions [
219], low-temperature heat storage in the range of applications for buildings is of particular importance for the scientific community. Materials with very high specific energy and energy density, able to be charged with solar energy and subsequently provide both heating and air conditioning to buildings, will revolutionize the HVAC industry. Novel materials with thermal hysteresis operating in the range 10–45 °C would be ideal for this function.
Figure 9 shows the operation of an ideal material that exhibits thermal hysteresis, melts at approximately 10 °C and solidifies at approximately 45 °C, while the interior temperature of the building is in the range of comfort, 22–25 °C [
25]. During the hot season, the material is cooled by a refrigeration cycle below its melting temperature when energy is available (e.g., during the early morning hours). The melting of the thermal hysteresis material keeps the building cool for the rest of the day. During the cold season, the operation of the refrigeration cycle is reversed to a heat pump that heats up the molten thermal hysteresis material at a temperature higher than 45 °C. The solidification of the material supplies heat to the building and keeps the interior temperature at the desired level. Significant research has been conducted for the discovery and commercial development of thermal hysteresis materials that would accomplish similar functions for domestic comfort in buildings [
220,
221,
222].
8.3. Cryogenic Temperature Storage
As the name implies, cryogenic ES (CES) systems generate a cryogenic fluid—typically liquid nitrogen or liquid air—which is to be used by a separate engine for the generation of electricity or motive power [
83,
132,
223].
Figure 10 depicts the schematic diagram of a cyclic engine for the generation of electricity using a cryogenic liquid. The environment supplies the high-temperature heat to the engine and the cryogenic fluid maintains the low temperature for the condenser of the engine. The engine receives heat
Q0 from the environment ejects heat
Q to the cryogenic fluid and produces work
W =
Q0 −
Q. The “waste heat” from the cycle, which is typically at sub-atmospheric temperature, may be used to partially cool the cryogenic fluid during its production.
Strictly speaking, CES systems are not energy storage systems but “energy deprived systems,” or “coolness storage systems.” They may produce mechanical work because the exergy of all materials is positive at sub-environmental temperatures [
71,
194,
195]. Due to the high electric energy needed for the liquefaction of gases, and the relatively low efficiencies of the cryogenic engines that are subjected to the Carnot limitations, the round-trip efficiency of CES is very low, in the range 10–30%. For this reason, at present, there are no commercially operating CES facilities for electricity generation. There have been several attempts to use cryogens (primarily liquid nitrogen) for automobile propulsion [
224,
225] but they did not progress beyond the prototype experimental stage, because of their low overall efficiency (the well-to-wheels efficiency [
25]) and the loud noise generated during the nitrogen evaporation and expansion processes in engine cylinders fitted with pistons.
8.4. Thermo-Chemical Materials
It is apparent in Equation (14) through Equation (17) that materials used with physical thermal storage processes (sensible or latent materials) attain temperatures significantly different than the ambient and that their stored energy dissipates via heat transfer to the environment. Thermo-chemical thermal ES (TCTES) materials rely on the energy absorbed and released in chemical reactions, whose directions may be reversed, or in molecular sorption mechanisms. An example is the sodium sulfide pentahydrate reaction that takes place at 83 °C [
226]:
This pentahydrate has material density of 1580 kg/m
3, specific energy of 1162 kJ/kg and energy density of 1836 MJ/m
3 (510 kWh/m
3)—significantly higher than most sensible heat materials. Most importantly, the materials in the r.h.s. of the reaction may be separated and stored for long periods of time to be used whenever desired. In the case of liquid–solid and gas–solid materials, the separation process is natural, by gravity. Gas-solid TCTES materials present several advantages related to the stability of the chemicals formed, their durability and their performance even at very high temperatures. Such materials have been the focus of several research and development projects [
227,
228,
229].
Effectively, the TCTES materials store energy in chemical bonds at any temperature, including the ambient. As a result, these materials would store energy for long periods of time and are suitable for seasonal thermal/chemical ES. TES systems based on sorption reactions are primarily used for cooling applications, while systems based on chemical reactions are typically used for ES at higher temperatures. At present, most TCTES materials are in the research and development stages. While some promising materials have been developed, significant improvements (primarily in the long-term stability of the chemical compounds formed, the life-cycle of the systems and the resulting coefficients of performance) need to be achieved before these materials and the TCTES technology become widely used [
230,
231,
232].
8.5. Borehole Thermal Energy Storage
Some of the better thermal insulating materials are materials found underground. The various types of dry rock (and even dry soils) are excellent insulators. In addition, they occupy vast amounts of space, which is available for thermal energy storage. The
borehole thermal energy storage (BTES) systems make use of the low conductivity and the relatively high specific energy and volumetric heat capacity of rock minerals. For example, the various types of basalt, granite and sandstone have specific heat capacities in the range 0.8–1.2 kJ/kgK, volumetric heat capacities (energy density per unit temperature) in the range 1.8–3.2 MJ/m
3 and thermal diffusivities in the range 5–6 × 10
−7 m
2/s [
233]. Such materials may be used to store large quantities of heat or “coolness” underground on timescales that span seasons. In the last thirty years, the booming ground source heat pump (GSHP) technology has made use of the underground materials to achieve more efficient heating and air conditioning and has proven that the underground environment may be readily used as a source or sink of heat for applications related to domestic comfort in buildings [
234].
The BTES technology essentially utilizes the properties of the underground materials to store energy using an array of borehole heat exchangers. Several BTES pilot project systems have been constructed including the Luleåvärme Project, in Luleå, Sweden, which was discontinued in 1989 [
235]; the Drake Landing Project, in the model community of Okatoga, in Alberta, Canada, which utilizes a cylindrical array of 144 boreholes with depth down to 35 m depth, has a volume of 34,000 m
3, and is used to store heat from solar collectors during the summer to be used during the cold winters [
236,
237]; and the system in Annenberg, Sweden, which utilizes an array of 100 boreholes with a depth of 65 m and extends to a volume of approximately 65,000 m
3 [
238].
While BTES systems are well insulated and have performed relatively well as seasonal thermal storage systems for district heating, the long durations of energy storage (e.g., from the summer to winter) imply significant energy loss to the underground environment. When the water table is high, and water is present in the underground porous materials of the rocks, advection and natural convection by water will dissipate a very high fraction of the stored energy. For this reason, underground water movement suppression (or site choice where the water table is permanently very low) and borehole placement optimization are needed for the satisfactory functioning of the BTES systems [
239,
240]. A recent overview of BTES concluded that even well-designed BTES systems will dissipate a significant amount of their stored energy to the subsurface environment and that round-trip efficiencies of even 50% “are difficult to obtain” [
241]. This study concluded that the most efficient array shape will, typically, be a cylinder with approximately equal diameter and depth, covered by a well-insulated top. Despite their large energy dissipation, and because of their very high volumes and the vast quantities of heat they may store, BTES is still considered an attractive method—perhaps the only one—for seasonal thermal energy storage [
240].
9. Cost and Price Considerations
Thermodynamics is a branch of physics and its principles (the laws of thermodynamics) are permanent and universally valid. On the contrary, economics is a social science, based on empirical principles that are derived from contemporary observations of persons and groups. Prices and costs emanate from correlations of data, are not permanent and heavily depend on place, time, current demand and current supply. Unlike thermodynamic properties such as internal energy, enthalpy and exergy, the prices of systems and commodities, such as fuels, do not reflect any physical laws. Energy-related prices and costs exhibit very high uncertainty because (in addition to supply-demand effects) the economics of energy are subject to geopolitical and military events [
25,
242].
Figure 11 depicts the nominal and real prices of anthracite and gasoline in the USA in the period 1980 to 2015 [
243,
244]. The real prices are expressed as US dollars of 2015.
It is observed that both sets of prices exhibit very high fluctuations, with the percentage standard deviations of the real prices being 30.4% for gasoline and 25.4% for anthracite. The standard deviation of the nominal prices, which are always quoted in the markets, is 50.7% for gasoline and 22.1% for anthracite. The uncertainty of a variable is usually defined as a multiple of two or three standard deviations. Therefore, the uncertainty of the prices—both nominal and real—is close to the average price and this implies that any future price calculations are laden with very high uncertainty.
In addition, it has always been observed that the prices of appliances and equipment drop significantly when they are mass-produced and become household appliances. For example, the real price of refrigerators has dropped by a factor of 26 since they were first introduced in the beginning of the 20th century. The real price of personal computers has dropped by a factor of eight since 1980 (and their performance increased a hundredfold), and similar trends are currently observed with laptop computers and cellular phones. Commercial competition among the manufacturers, technological breakthroughs, manufacturing improvements and government initiatives contribute to the significant cost reductions of commonly used appliances (At the time of writing this article the US Department of Energy announced an initiative to reduce by 80% the cost of hydrogen production from RESs.).
In the transition process from fossils to RESs, several ES systems will become household appliances. They will be mass-produced appliances/equipment, and their nominal prices will be very much different than current prices. For example, if hydrogen becomes the ES medium in future grid-independent buildings [
16,
144], most new households will be equipped with a reliable storage tank and a hydrogen generation engine. The engine and tank will become common household appliances (similar to refrigerators and hot water tanks of today), will be mass produced and their prices will be much lower than their current (2021) prices, following the similar trends of refrigerators, hot water tanks and, perhaps, personal computers. Due to this and because of the high uncertainty of energy prices, it is very difficult to make determinations with any degree of accuracy on the prices of ES systems in the future. For this reason, this review does not make any predictions and does not include any definitive information on the cost of ES systems that will be implemented in the distant future.
This assertion on prices notwithstanding, one may still make certain general statements about the economics of ES systems: ES entails both fixed costs (investment, insurance, administration, rents, etc.) and operational costs (energy dissipation, maintenance, warranties, etc.). Both types of costs will add to the price of electricity paid by the consumers [
245]. Investors and ES operators will make their decision on which ES systems to employ based on the net present value (NPV) concept of their systems. This will include the price paid for energy storage, which will have two components for available power and available energy [
246]. In the calculation of the NPV, the fixed costs of ES systems will be weighted more heavily for seasonal storage systems (e.g., store wind energy in March to be used by air conditioners in July) than daily storage systems. On the contrary, the round-trip efficiency (and energy loss during charging-recharging) will play a more important role in the case of short duration (minutes to days) storage systems. As a consequence, economics will favor the less expensive systems for seasonal storage and the more efficient systems for short duration systems. System reliability will be an important factor in these economic decisions. The price of energy sold, which ultimately is passed to the consumers, will be one of the primary variables (in conjunction, perhaps, with governmental incentives) that will determine whether or not ES systems are profitable for their owners.
10. Concluding Remarks
The development of ES capacity is necessary for the transition of the electricity generation industry from fossil fuels to the most abundant renewable energy sources, namely solar and wind energy. ES capacity will be needed at different scales, from very low for appliances, to very high for grid-level storage.
Table 6 summarizes some of the thermodynamic parameters for the most important ES systems and gives the range of their round-trip efficiencies (Thermal-to-thermal energy storage efficiency).
The storage capacity of PHSs, CAESs and hydrogen storage systems only depends on the vessels of their containment and can become high enough for grids and utilities. Equally important, these systems may store energy for very long periods of time to provide seasonal storage. However, the round-trip efficiencies of these systems are relatively low. Conventional and flow batteries will store smaller quantities of energy and for shorter times—days to weeks—but their round-trip efficiencies can be significantly high. In general, superconducting electromagnetic coils and supercapacitors have lower energy capacities and store energy for shorter time periods with very high round-trip efficiencies. Flywheels may store significant energy at relatively high round-trip efficiencies, but for very short periods of time, typically minutes. Thermal ES for the generation of electricity is subjected to Carnot limitations and exhibits very low round-trip efficiencies. However, thermal ES for domestic comfort (heating and cooling of buildings) can greatly help both the amount of energy stored and the overall efficiency of the storage systems.
Figure 12 is a schematic diagram (a
Ragone chart) of the several ES systems and visually exhibits the range of their capacity level and storage duration. It must be noted that the upper rectangles show the approximate upper level of ES duration, with the lower level for all being on the order of minutes, e.g., stored hydrogen may be directed to a fuel cell and generate power in very short time (minutes) after its generation.
It becomes apparent from the information above that not a single ES system is ideal for all pertinent applications, from the grid scale to the household scale. In a future society that largely generates its electricity from RESs, it is expected that combinations of more than one ES system—the so-called
hybrid systems—will be used. The hybrid systems integrate more than one ES technology and combine the advantages and desirable characteristics of these technologies. The combination may also result in the avoidance or mitigation of undesirable characteristics. For example, a hybrid system consisting of a PHS and a combination of flow and conventional batteries would enable the seasonal storage of energy and also improve the round-trip efficiency of storage by transacting short-term storage needs through the batteries. Similarly, a thermal-hydrogen combination system for a microgrid maintains the advantages of hydrogen ES, while avoiding the lower round-trip efficiency of the electrolysis/fuel cell system by using the PV-generated electricity to directly produce chilled water for air conditioning or hot water for heating. There is a plethora of combinations that may be used for the optimization of ES systems, including several that have already been proposed and studied, such as hydrogen–superconductors [
247,
248], hydrogen–supercapacitors [
249,
250], CAES-supercapacitors [
251] and battery-flywheel [
252,
253], as well as combinations of thermal storage with several other ES forms [
144,
254].