Renewable Energy Storage Benefits and Economic Impact

Megateli, Redouane M.; Arab, Amar Hadj; Makhloufi, Saida

Article Details

Renewable Energy Storage Benefits and Economic Impact

Authors:

Megateli, Redouane M. | Arab, Amar Hadj | Makhloufi, Saida

Publisher:

جامعة سطيف 1 - كلية العلوم الاقتصادية والتجارية وعلوم التسيير

Journal:

مجلة العلوم الاقتصادية وعلوم التسيير Vol.2015 Issue 15, pp.1-34

Document Type:

Article

Publication Date:

1/2015

Document Language:

English

Document ID (Org No.):

2001248478

pISSN:

1112-3443

Keywords:

Abstract:

 Algeria as other oil and gas producing countries, is facing for the last six months the downward trends of the oil and gas prices. In addition, the alarming global climate changes are calling for a wise use of the remaining natural resources and thoughtful measures to reduce the environmental footprint of human activity. The positive consequence is the push on getting renewable energy technologies to accelerate their potential to substitute conventional processes in the production of electricity. Solar and wind resources and technologies are well positioned to increasingly replace fossil fuel as the main source of energy. Advances in the field brought these energy generation technologies to a level of becoming an alternative source that is economically viable and technically reliable. The benefits and the economic potential of energy storage as well as the different energy storage technologies are presented in this contribution. The global market insights and trends reveal that electrical energy storage will in the coming five years win the economic argument and catalyze large PV generation deployment worldwide. Algeria is gifted with worldwide most significant solar insulation resources, which constitutes a great potential for energy production through PV and CPS plants. The energetic potential overpasses by far the country’s needs, thus rendering the deployment and exploitation of storage capabilities key to exploit to its fullest the resources at both ends and throughout the new electrical energy value chain, including generation, distribution/ transport and consumption.

Article Details

Renewable Energy Storage Benefits and Economic Impact

Authors:

Megateli, Redouane M. | Arab, Amar Hadj | Makhloufi, Saida

Publisher:

جامعة سطيف 1 - كلية العلوم الاقتصادية والتجارية وعلوم التسيير

Journal:

مجلة العلوم الاقتصادية وعلوم التسيير Vol.2015 Issue 15, pp.1-34

Document Type:

Article

Publication Date:

1/2015

Document Language:

English

Document ID (Org No.):

2001248478

pISSN:

1112-3443

اقتصاديات الطاقة

الطاقة المتجددة

إنتاج الكهرباء

التنمية المستدامة

الجزائر

Issues

Article Details

Renewable Energy Storage Benefits and Economic Impact

Authors: Megateli, Redouane M. | Arab, Amar Hadj | Makhloufi, Saida

Publisher: جامعة سطيف 1 - كلية العلوم الاقتصادية والتجارية وعلوم التسيير

Journal: مجلة العلوم الاقتصادية وعلوم التسيير Vol.2015 Issue 15, pp.1-34

Document Type: Article

Publication Date: 1/2015

Document Language: English

Document ID (Org No.): 2001248478

pISSN: 1112-3443

اقتصاديات الطاقة

الطاقة المتجددة

إنتاج الكهرباء

التنمية المستدامة

الجزائر

Issues

Authors:

Megateli, Redouane M. | Arab, Amar Hadj | Makhloufi, Saida

Publisher:

جامعة سطيف 1 - كلية العلوم الاقتصادية والتجارية وعلوم التسيير

Journal:

مجلة العلوم الاقتصادية وعلوم التسيير Vol.2015 Issue 15, pp.1-34

Document Type:

Article

Publication Date:

1/2015

Document Language:

English

Document ID (Org No.):

2001248478

pISSN:

1112-3443