Abstract
The global shift towards renewable energy sources is driven by the desire for a sustainable energy future. Integrating intermittent renewable sources and maintaining grid stability are obstacles that must be overcome to achieve this goal, which is why grid stability and energy storage systems are being investigated in this study using Energy PLAN simulation. This study conducts a thorough analysis of energy storage solutions necessary to support Japan's energy landscape shift to renewable electricity. It offers a comprehensive analysis considering technological, environmental, and policy aspects to evaluate the applicability, difficulties, and potential of renewable electricity. Technical factors emphasize how critical it is to maintain grid balance and consider scalability and technology compatibility with Japan's distinct energy infrastructure. Economic analyses examine revenue streams, levelized storage prices, investment needs, and cost-benefit evaluations to shed light on the viability and appeal of technologies for storing energy from an economic standpoint. The goal of synthesizing these several characteristics is to provide policymakers, and energy stakeholders participating in Japan's ambitious journey towards renewable electricity with strategic insights, practical recommendations, and a roadmap. This study aims to steer Japan's energy landscape towards resilience, sustainability, and diversification by establishing links between imperatives, economic feasibility, and technical breakthroughs.
Original language | English |
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Pages (from-to) | 37-43 |
Number of pages | 7 |
Journal | International Journal of Energy Production and Management |
Volume | 9 |
Issue number | 1 |
DOIs | |
Publication status | Published - Mar 2024 |
All Science Journal Classification (ASJC) codes
- Global and Planetary Change
- Renewable Energy, Sustainability and the Environment
- Energy Engineering and Power Technology
- Sociology and Political Science