Feasibility of a Battery Storage System for a Renewable Energy Park Operating with Price Arbitrage

被引：0
|
作者：
Daggett, Adam [1 ]
Qadrdan, Meysam [1 ]
Jenkins, Nick [1 ]
机构：
[1] Cardiff Univ, Sch Engn, Cardiff, S Glam, Wales
来源：
2017 IEEE PES INNOVATIVE SMART GRID TECHNOLOGIES CONFERENCE EUROPE (ISGT-EUROPE) | 2017年
关键词：
Battery Storage; Energy Arbitrage; Optimization;
D O I：
暂无
中图分类号：
TP3 [计算技术、计算机技术];
学科分类号：
0812 ;
摘要：
The employment of battery storage is recognized to be a solution for managing the variability of renewable energy sources in power systems. In this paper the feasibility of integrating a battery energy storage system (BESS) into a renewable energy park was investigated. The energy park consists of three wind turbines with a total generating capacity of 6MW and 2MW of solar photovoltaic panels. A maximum power export limit of 5 MW to the grid is enforced. The optimal size of the BESS was calculated to maximize the profit made by the energy park through participating in the electricity spot market. To do this, a linear optimization model embedded within a net present cash flow approach was developed. Optimal size of the battery storage capacity and optimal power rating of the inverter for different battery costs assumptions were examined.
引用
收藏
页数：6
相关论文
共 50 条
  • [21] Optimal Battery Energy Storage System Scheduling within Renewable Energy Communities
    Talluri, Giacomo
    Lozito, Gabriele Maria
    Grasso, Francesco
    Iturrino Garcia, Carlos
    Luchetta, Antonio
    [J]. ENERGIES, 2021, 14 (24)
  • [22] Intelligent management of battery system for energy arbitrage
    de Souza, Jonas V.
    Momesso, Antonio E. C.
    Monteiro, Felipe M. dos S.
    Otto, Rodrigo B.
    Asada, Eduardo N.
    [J]. 2019 IEEE MILAN POWERTECH, 2019,
  • [23] Feasibility study and economic analysis of pumped hydro storage and battery storage for a renewable energy powered island
    Ma, Tao
    Yang, Hongxing
    Lu, Lin
    [J]. ENERGY CONVERSION AND MANAGEMENT, 2014, 79 : 387 - 397
  • [24] Price arbitrage using variable-efficiency energy storage
    Flamm, Benjamin
    Eichler, Annika
    Smith, Roy S.
    Lygeros, John
    [J]. CLIMATE RESILIENT CITIES - ENERGY EFFICIENCY & RENEWABLES IN THE DIGITAL ERA (CISBAT 2019), 2019, 1343
  • [25] Probabilistic Sizing of Battery Energy Storage System in Presence of Renewable Generation
    Bracale, A.
    Caramia, P.
    Mottola, F.
    Carpinelli, G.
    Proto, D.
    [J]. 2018 IEEE INTERNATIONAL CONFERENCE ON PROBABILISTIC METHODS APPLIED TO POWER SYSTEMS (PMAPS), 2018,
  • [26] OPTIMAL STRATEGIES FOR OPERATING ENERGY STORAGE IN AN ARBITRAGE OR SMOOTHING MARKET
    Flatley, Lisa C.
    MacKay, Robert S.
    Waterson, Michael
    [J]. JOURNAL OF DYNAMICS AND GAMES, 2016, 3 (04): : 371 - 398
  • [27] EFFECTS OF BATTERY ENERGY STORAGE SYSTEM ON THE OPERATING SCHEDULE OF A RENEWABLE ENERGY BASED TOU RATE INDUSTRIAL USER UNDER COMPETITIVE ENVIRONMENT
    Chen, Chun-Lung
    Lin, Yu-Liang
    Fu, Wen-Yu
    [J]. JOURNAL OF MARINE SCIENCE AND TECHNOLOGY-TAIWAN, 2015, 23 (04): : 541 - 550
  • [28] Coordination and Optimization Method of Park-level Energy Storage and Electricity Price for Local Accommodation of Renewable Energy
    Jiang, Xiangbing
    Tang, Bo
    Yu, Guangzheng
    Hu, Pengfei
    Xia, Xiangwu
    Xu, Liangjun
    [J]. Dianli Xitong Zidonghua/Automation of Electric Power Systems, 2022, 46 (05): : 51 - 61
  • [29] Optimal Threshold Control for Energy Arbitrage with Degradable Battery Storage
    Petrik, Marek
    Wu, Xiaojian
    [J]. UNCERTAINTY IN ARTIFICIAL INTELLIGENCE, 2015, : 692 - 701
  • [30] Battery Energy Storage Systems in Different Countries for Arbitrage Services
    Cetinkaya, Umit
    Demirbas, Sevki
    Ayik, Samet
    Bayindir, Ramazan
    [J]. 2023 11TH INTERNATIONAL CONFERENCE ON SMART GRID, ICSMARTGRID, 2023,
12345