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The Economic Impact and Significance of Implementing New Technologies in the Power Storage Segment

Author

Listed:
  • Vladimir Zinoviev

    (University of National and World Economy, Sofia, Bulgaria)

  • Nikolai Nikolov

    (University of National and World Economy, Sofia, Bulgaria)

Abstract

In the present article will be considered the economic aspects in the implementation of new technologies in energy storage and energy transportation. After reduction of the carbon footprint in power generation process, it’s also very important that the flexible transfer and storage of the produced energy that is not immediately consumed. For the last 15 years the industrial storage of electricity is technically realistic, but it’s still a matter of discussion how economically justified it is. Some economic risks can be identified and some security measures can be taken. There is possible optimization of energy storage that can make it adjustable to the demand and energy market prices. There are some implications to the Industry 4.0 and increase of e-mobility generated energy consumption.

Suggested Citation

  • Vladimir Zinoviev & Nikolai Nikolov, 2022. "The Economic Impact and Significance of Implementing New Technologies in the Power Storage Segment," Godishnik na UNSS, University of National and World Economy, Sofia, Bulgaria, issue 2, pages 195-202, December.
    • Handle: RePEc:nwe:godish:y:2022:i:2:p:195-202
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    File URL: https://unwe-yearbook.org/en/journalissues/article/10602
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    More about this item

    Keywords

    storage; energy; renewables; capacity; profitability; solar; wind; grids; transmission; distribution;
    All these keywords.

    JEL classification:

    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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