Analysis of methods to improve energy storage arbitrage benefit considering capacity degradation

Author(s):  
Pedro Luis Camunas ◽  
Jesus Lopez Merino ◽  
Andres Pena Asensio ◽  
Manuel Garcia Plaza ◽  
Santiago Arnaltes Gomez
Energies ◽  
2020 ◽  
Vol 13 (19) ◽  
pp. 5235
Author(s):  
Fernando J. Lanas ◽  
Francisco J. Martínez-Conde ◽  
Diego Alvarado ◽  
Rodrigo Moreno ◽  
Patricio Mendoza-Araya ◽  
...  

Microgrids have the potential to provide security and flexibility to power systems through the integration of a wide range of resources, including distributed energy storage, usually in the form of batteries. An aggregation of microgrids can enable the participation of these resources in the main system’s energy and ancillary services market. The traditional minimum-cost operation, however, can undermine microgrid’s ability to hold reserve capacity for operation in islanded mode and can rapidly degrade distributed batteries. This paper studies the impacts of various operational strategies from distributed energy storage plants on their revenues and on market prices, considering an array of microgrids that act in a synchronized fashion. The operational model minimizes the entire electric power system cost, considering transmission-connected and distributed energy resources, and capturing capacity degradation of batteries as part of the cost function. Additionally, microgrid-based, distributed batteries can provide energy arbitrage and both system-level and microgrid-level security services. Through several case studies, we demonstrate the economic impacts of distributed energy storage providing these services, including also capacity degradation. We also demonstrate the benefits of providing reserve services in terms of extra revenue and battery lifespan. Finally, we conclude that limitations in the provision of system-level services from distributed batteries due to degradation considerations and higher microgrid-level security requirements may, counterintuitively, increase system-level revenues for storage owners, if such degradation considerations and microgrid-level security requirements are adopted, at once, by a large number of microgrids, leading to unintended, non-strategic capacity withholding by distributed storage owners.


2021 ◽  
Vol 195 ◽  
pp. 107170
Author(s):  
Mohammad Amini ◽  
Amir Khorsandi ◽  
Behrooz Vahidi ◽  
Seyed Hossein Hosseinian ◽  
Ali Malakmahmoudi

2020 ◽  
Vol 13 (5) ◽  
pp. 1429-1461 ◽  
Author(s):  
Xiaona Li ◽  
Jianwen Liang ◽  
Xiaofei Yang ◽  
Keegan R. Adair ◽  
Changhong Wang ◽  
...  

This review focuses on fundamental understanding, various synthesis routes, chemical/electrochemical stability of halide-based lithium superionic conductors, and their potential applications in energy storage as well as related challenges.


2020 ◽  
Vol 13 (10) ◽  
pp. 3527-3535 ◽  
Author(s):  
Nana Chang ◽  
Tianyu Li ◽  
Rui Li ◽  
Shengnan Wang ◽  
Yanbin Yin ◽  
...  

A frigostable aqueous hybrid electrolyte enabled by the solvation interaction of Zn2+–EG is proposed for low-temperature zinc-based energy storage devices.


Author(s):  
Peng Wang ◽  
Zhongbin Pan ◽  
Weilin Wang ◽  
Jianxu Hu ◽  
Jinjun Liu ◽  
...  

High-performance electrostatic capacitors are in urgent demand owing to the rapidly development of advanced power electronic applications. However, polymer-based composite films with both high breakdown strength (Eb) and dielectric constant...


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