Digitalization of new energy storage business

Why is digitalization important for energy storage systems?

Digitalization enhances several aspects of energy storage systems, such as their safety, productivity, and accessibility. One of the digitalization technologies, the digital twin, has been attracting the attention of researchers and organizations due to its advantageous characteristics and functions.

Does digital energy storage technology improve system operation and maintenance?

It is also related to previous evidence on the significance of digital energy storage technology in enhancing system operation and maintenance [1, 55], which implies the global efforts towards the development of digital and intelligent energy‐storage systems.

Does digital strategy affect firm energy storage innovation?

It is observed that the positive impact of digital strategy on firm energy storage innovation is much more significant in the regions and industries with higher convergence between digital and energy storage technologies.

Does digital transformation affect energy storage innovation?

Table 3 shows the impact of digital transformation on energy storage innovation estimated by a negative binomial model. Our findings show that digitalization strategies have a significant positive impact on technological innovation in energy storage after controlling for years and industry fixed effects.

How does digitalisation impact the energy transition?

Digital tools and platforms can ease and accelerate the energy transition by facilitating efficiency and demand-side flexibility. At the same time, digitalisation creates new business opportunities and revenue streams for energy service providers, while helping consumers to better understand their energy use and lower their bills.

Does digitalization promote cross-regional energy systems and energy sustainability?

The internal coordination between energy storage and digitalization is expected to greatly promote the development of cross-regional energy systems and energy sustainability . Nevertheless, this study had some limitations and provides several caveats worthy of further investigation.