Storage devices and demand control may constitute beneficial tools to optimize electricity generation with a large … regards specific 'smart grid' applications such as storage facilities and meters enabling load control. Model results indicate … that central storage facilities are a more promising option for generation cost reductions as compared to demand management …

We analyze the relation between European natural gas storage facilities and price patterns at major trading points …, considering the theory of storage to derive a testable hypothesis imposed by the non-arbitrage condition. To model the efficiency … operators of storage facilities realize seasonal arbitrage profits, and that market performance overall is substantially …

, including gas-fired power plants, pumped hydro storage, and transmission lines. We find that geographically optimized power …, storage and transmission requirements significantly increase. In an alternative scenario with larger investments into storage … hydro storage facilities that are not included in the optimization, a moderate expansion of storage capacities appears to be …

policy-relevant scenarios for 2022, 2032 and 2050. We also determine the storage capacities required for taking up renewable … surpluses is substantially larger. Using an optimization model, we find that no additional storage is required in the scenarios …-dispatchable renewables would render storage investments largely obsolete under the assumption of a flexible system. In contrast, further …