Analysis of inventive problem-solving capacities for renewable energy storage investments

The energy storage process becomes very important due to the imbalances in energy supply and demand. Therefore some factors need to be considered to increase the efficiency of the energy storage system, such as cost-benefit analysis and technological improvements. This study aims to examine the inventive problem-solving capacities for renewable energy storage investments. A new model is suggested for this objective by considering fuzzy decision-making methodology. It is concluded that prior action and dynamicity are the most essential capacities of renewable energy storage investments. Additionally, dynamicity plays the most critical role when all factors are considered in renewable energy investment projects in a collaborative manner. Hence, it is recommended that the companies should mainly consider the initial developments of the storage facilities. Moreover, location selection for effective energy storage should also be considered to increase the performance of these investments. (C) 2021 Published by Elsevier Ltd.

Automated summary

In renewable energy storage investments, proactive action and dynamicity are identified as the most essential capacities, with dynamicity playing a critical role when all factors are considered. Therefore, it is recommended that companies focus on the initial development of storage facilities and consider effective location selection for energy storage to enhance investment performance.