Smart Cities • Vol 6 • No 5
System Dynamics Model of Decentralized Household Electricity Storage Implementation: Case Study of Latvia
September 2023 • Armands Grāvelsiņš, Erlanda Atvare, Edgars Kudurs, Anna Kubule, Dagnija Blumberga
Increasing renewable energy share in total energy production is a direction that leads toward the European Union’s aims of carbon neutrality by 2050, as well as increasing energy self-sufficiency and independence. Some of the main challenges to increasing renewable energy share while providing an efficient and secure energy supply are related to the optimization and profitability of de-centralized energy production systems. Integration of energy storage systems in addition to decentralized renewable energy product…