Economic Analysis of Hybrid Battery Energy Storage Systems Applied to Frequency Control in Power System

2015 ◽  
Vol 135 (1) ◽  
pp. 2-8 ◽  
Author(s):  
Shigeru Tamura
Keyword(s):  
Energy Storage ◽  
Economic Analysis ◽  
Power System ◽  
Storage Systems ◽  
Frequency Control ◽  
Energy Storage Systems ◽  
Battery Energy Storage ◽  
Battery Energy Storage Systems ◽  
Battery Energy

scholarly journals Economic Analysis of the Investments in Battery Energy Storage Systems: Review and Current Perspectives

Energies ◽  
2021 ◽  
Vol 14 (9) ◽  
pp. 2503
Author(s):  
Paulo Rotella Junior ◽  
Luiz Célio Souza Rocha ◽  
Sandra Naomi Morioka ◽  
Ivan Bolis ◽  
Gianfranco Chicco ◽  
...  
Keyword(s):  
Renewable Energy ◽  
Energy Storage ◽  
Economic Analysis ◽  
Storage Systems ◽  
Renewable Energy Sources ◽  
Residential Areas ◽  
Energy Storage Systems ◽  
Battery Energy Storage ◽  
Battery Energy Storage Systems ◽  
Battery Energy

Sources such as solar and wind energy are intermittent, and this is seen as a barrier to their wide utilization. The increasing grid integration of intermittent renewable energy sources generation significantly changes the scenario of distribution grid operations. Such operational challenges are minimized by the incorporation of the energy storage system, which plays an important role in improving the stability and the reliability of the grid. This study provides the review of the state-of-the-art in the literature on the economic analysis of battery energy storage systems. The paper makes evident the growing interest of batteries as energy storage systems to improve techno-economic viability of renewable energy systems; provides a comprehensive overview of key methodological possibilities for researchers interested in economic analysis of battery energy storage systems; indicates the need to use adequate economic indicators for investment decisions; and identifies key research topics of the analyzed literature: (i) photovoltaic systems with battery energy storage systems for residential areas, (ii) comparison between energy storage technologies, (iii) power quality improvement. The last key contribution is the proposed research agenda.

scholarly journals MATHEMATICAL MODELING OF BATTERY ENERGY STORAGE SYSTEMS IN THE ADDITIONAL SERVICE MARKET OF THE UNITED ELECTRIC POWER SYSTEM OF UKRAINE

2021 ◽  
pp. 21-29
Author(s):  
Petro Lezhniuk ◽  
Sergey Kravchuk ◽  
Ihor Prokopenko ◽  
Yulia Malogulko
Keyword(s):  
Energy Storage ◽  
Power System ◽  
Storage Systems ◽  
Price Indices ◽  
Energy Storage Systems ◽  
Service Market ◽  
Battery Energy Storage ◽  
Battery Energy Storage Systems ◽  
Battery Energy ◽  
Additional Service

The introduction of battery energy storage systems and the subsequent transfer of electricity is a very important task, which is solved in different countries in different ways, based on the types of products that can be provided by battery energy storage systems. The analysis of the structure of generating capacities in the United Electric Power System of Ukraine shows a significant deficit of shunting capacities, among which today there is thermal generation, which has a significant level of wear of the main generating equipment and hydroelectric power plants. Based on the above, it would be logical to assume that with the launch of a new model of the electricity market; market segments will be formed in which price signals will be attractive for investment in new shunting capacity. However, the formation of such signals is limited by the establishment of upper price indices on the additional service market and market day ahead. Thus, to simulate the operation of battery energy storage systems, the additional service market was chosen in which the system operator purchases services from additional service providers. Modeling the operation of battery energy storage systems for the provision of additional services is a multi-criteria task that takes into account both the technical features of the battery energy storage systems and the relevant price indices that have been formed for each type of service. The paper considers the possibility of providing services from the automatic reserve of frequency recovery and the provision of balancing services. Based on statistical data on the additional service market of the integrated power system of Ukraine, developed a mathematical model to assess the effect of the use of battery energy storage systems to provide services for primary, secondary and tertiary frequency control. The relationship between the price indices of additional service market and technical and economic characteristics of the battery energy storage system are determined. The target function is offered in the mathematical model of operation of the battery energy storage systems, which takes into account the reduced costs for the accumulation of a unit of electricity, maintenance costs and income from the provision of services on the additional service market.

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