Comparing CO2 emissions impacts of electricity storage across applications and energy systems

Abstract

Electricity storage systems can support the decarbonization of energy systems. However, the effect of electricity storage use on greenhouse gas emissions is complex because of roundtrip efficiency losses of the storage and its effects on the dispatch of different electricity-generation technologies. The limited literature examining this issue focus on individual electricity storage applications and the geographies where they are applied. Here, we systematically compare the effects of electricity storage on CO2 emissions across four applications in electricity systems resembling seven European countries. Our findings reveal large emission impact differences between applications and countries. Among other findings, we find that when compared with wholesale arbitrage, storing electricity in other applications exhibits much lower effects on CO2 emissions. We also investigate different policy options to reduce CO2 emissions from storing electricity. We find that although a higher carbon price can have a substantial effect on reducing the CO2 emissions from wholesale arbitrage, other applications require alternative approaches.