Shared energy storage market operation mechanism to promote new energy consumption

Abstract The configuration of energy storage helps to promote renewable energy consumption, but the high cost of energy storage becomes a major factor limiting its development. Through shared energy storage, the utilization rate of energy storage can be improved and the recovery of energy storage investment costs can be accelerated. This paper first introduces the application scenarios of the proposed shared energy storage, then analyzes the characteristics of shared energy storage. Furthermore, the transaction process between new energy and shared energy storage is put forward, and the clearing model of shared energy storage market is established. To minimize the consumption cost of new energy generators by coordinating the sharing of idle energy storage capacity. Finally, the proposed method is verified through examples to analyze the benefits of shared energy storage for investors and new energy generators, as well as the changes in new energy consumption.