A Multi-Criteria Decision-Making Approach for Energy Storage Technology Selection Based on Demand

Abstract

Energy storage technologies can reduce grid fluctuations through peak shaving and valley filling and effectively solve the problems of renewable energy storage and consumption. The application of energy storage technologies is aimed at storing energy and supplying energy when needed according to the storage requirements. The existing research focuses on ranking technologies and selecting the best technologies, while ignoring storage requirements. Here, we propose a multi-criteria decision-making (MCDM) framework for selecting a suitable technology based on certain storage requirements. Specifically, we consider nine criteria in four aspects: technological, economic, environmental, and social. The interval number, crisp number, and linguist terms can be transformed into a probabilistic dual hesitant fuzzy set (PDHFS) through the transformation and fusion method we proposed, and a suitable technology can be selected through distance measurements. Subsequently, the proposed method is applied in a representative case study for energy storage technology selection in Shanxi Province, and a sensitivity analysis gives different scenarios for elaboration. The results show that the optimal selection of energy storage technology is different under different storage requirement scenarios. The decision-making model presented herein is considered to be versatile and adjustable, and thus, it can help decision makers to select a suitable energy storage technology based on the requirements of any given use case.

Keywords

• energy storage technology
• technology selection
• multi-criteria decision making
• probabilistic dual hesitant fuzzy set
• storage requirement