“…Several research works have considered the deployment of energy storage systems in different scenarios. These include in offgrid and grid-tied systems (Fedjaev et al, 2016; Gbadegesin et al, 2019; Hassan et al, 2017; Sofimieari et al, 2019; Weitzel and Glock, 2018), with or without renewable energy sources, on large scales for generation and transmission networks (Das et al, 2018; Lorente et al, 2018), or on small scales for residential use (Ruiz-Cortes et al, 2017; Weitzel and Glock, 2018). For whatever purpose or type selected, sizing and operation of storage systems must consider both technical and economic concerns for optimal benefits.…”