The flexibility of virtual energy storage based on the thermal inertia of buildings in renewable energy communities: A techno-economic analysis and comparison with the electric battery solution

The Renewable Energy Community (REC) concept has been introduced into the European decarbonization guidelines to promote the utilization of Renewable Energy Sources (RES) and to incentivize their self-consumption at the local level. This paper analyzes the flexible use of Heat Pumps (HP) for building heating in an REC context. The Power-to-Heat (P2H) energy conversion process of HP allows the flexibility of the thermal sector to be exploited within the electricity sector: in this way, it is possible to store energy in the form of heat inside the building mass and then use the stored energy to reduce the building heating demand in the hours following the accumulation of energy. This energy storage solution has been defined as building-based Virtual Energy Storage (VES). The flexibility enabled by VES has been used to optimize the self-consumption of an REC. The flexible VES solution was evaluated, from a technical and economic point of view, through a sensitivity analysis on the variation of the RES penetration, and the results were compared with those based on a more traditional centralized electric battery (EB) storage system. The results demonstrated that the VES solution is less flexible than electric batteries. Nevertheless, both flexible solutions (VES and EB) can significantly increase the REC self-consumption: the self-consumed energy increased by between 6% and 44% thanks to the exploitation of the VES flexibility, while the EB flexibility enabled an increase in the self-consumed energy of 19% to 63% according to the scenario analyzed. However, due to the high investment cost of EB, the VES configuration resulted to be the best solution from an economic point of view.