A Comprehensive Review of Optimal Sizing Approaches for Battery Storage Technology

As the world undergoes a transformation towards utilizing renewable energy sources, there is a growing preference for continuous, cost-effective power supply throughout the day. The primary drivers for this shift are the environmental pollution associated with non-renewable resources and the volatility in their costs. The expansion of renewable energy sources has resulted in an increased incorporation of energy from renewable sources into the electrical grid. However, since renewable energy generation is intermittent, the efficient and effective performance of the electric utility system necessitates the Battery Energy Storage Systems (BESS) integration. Typically, batteries are employed to store electrical energy. Moreover, to manage power imbalances and voltage fluctuations at the distribution level, it is crucial to identify the optimal size of energy storage devices. Therefore, this paper explores a comprehensive review of Battery Storage systems for energy in the perspective of the latest technologies, optimum sizing of energy storage devices, and their associated advantages.