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September 25, 2025International Journal of Sustainable Applied SciencesOpen Access

Advancing Multi-Energy Systems with Thermal and Electrical Storage: A Literature Review on Levelized Cost Reduction

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Authors

AJAsif Raza Jarwar

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Overview

Literature review reveals joint thermal and electrical storage reduces costs in multi-energy systems, indicating potential advancements in renewable energy integration.

Key Points

  • Joint deployment of thermal and electrical storage reduces levelized cost of energy by 20-35% compared to single-storage systems.
  • Thermal energy storage enhances load shifting and waste heat utilization, driving cost reductions of up to 25% in district heating applications.
  • Electrical energy storage supports grid stability and is projected to lower solar-battery system costs to below 60 USD/MWh by 2030.
  • Cross-sectoral analysis shows hybrid storage significantly lowers costs in developing regions, achieving reductions of up to 60% compared to diesel systems.

Cite This Study

Asif Raza Jarwar (2025) studied this question.

synapsesocial.com/papers/68d5e1ffbd7882ccb9b864c9https://doi.org/10.59890/ijsas.v3i8.141
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Also Consider

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