Sayyad Nojavan

Nowadays, utilization of storages for reducing the operation costs, improving the efficiency, and increasing the profit of the multi-generation systems is impressively proliferated. Additionally, due to the uncertain nature of the renewable energy sources, the rapid growth of them causes several problems for operators which could be mended by applying the storages. On the other hand, the power system has faced excessive hardships for responding to the instant variations of demands. Meanwhile, storages could resolve the negative aspects of the demand’s variation. In this chapter, the selection of the storages is reviewed from cost efficiency and energy efficiency viewpoints. Furthermore, updated approaches for selecting the storages with high performance in order to cover the stochastic behavior of the power system’s components are introduced. Moreover, different applications of the storages are analyzed, and this concept’s practical objective functions, constraints, and useful technologies are considered. Also, a comprehensive comparison of the diverse kinds of storages which are applied for improving the level of the power system’s operation is performed. Ultimately, a general deduction about the storages selection and the future trend of this issue are presented regarding the efficiency of the storages and uncertainty of the power system.