Search results for "Battery energy storage system"
showing 10 items of 11 documents
Autonomous Operation of Stationary Battery Energy Storage Systems—Optimal Storage Design and Economic Potential
2021
Global warming requires a changeover from fossil fuel based to renewable energy sources on the electrical supply side and electrification of the demand side. Due to the transient nature of renewables and fluctuating demand, buffer capacities are necessary to compensate for supply/demand imbalances. Battery energy storage systems are promising. However, the initial costs are high. Repurposing electric vehicle batteries can reduce initial costs. Further, storage design optimization could significantly improve costs. Therefore, a battery control algorithm was developed, and a simulation study was performed to identify the optimal storage design and its economic potential. The algorithm used is…
A Simple Operating Strategy of Small-Scale Battery Energy Storages for Energy Arbitrage under Dynamic Pricing Tariffs
2015
Price arbitrage involves taking advantage of an electricity price difference, storing electricity during low-prices times, and selling it back to the grid during high-prices periods. This strategy can be exploited by customers in presence of dynamic pricing schemes, such as hourly electricity prices, where the customer electricity cost may vary at any hour of day, and power consumption can be managed in a more flexible and economical manner, taking advantage of the price differential. Instead of modifying their energy consumption, customers can install storage systems to reduce their electricity bill, shifting the energy consumption from on-peak to off-peak hours. This paper develops a deta…
Energy Management of a Hybrid Photovoltaic-Wind System with Battery Storage: A Case Report
2019
This work presents a case report related to the management and the monitoring of a hybrid photovoltaic-wind system with battery energy storage, installed at the administrative offices building of the municipality of Valderice (Italy) within the framework of the Italy-Tunisia ENPI cooperation project Le Développement Durable Dans la Production Energétique Dans le Territoire (DE.DU.ENER.T.). The paper describes the hybrid system and briefly reports the monitoring data for a whole year, comparing the real production with the expected one and evaluating some performance indexes of the system. The performance indexes are very simple and have been defined only with the purpose of sh…
GRID STABILITY IMPROVEMENT BY RES-BASED GENERATORS AND BATTERY ENERGY STORAGE SYSTEMS IN SMALL ISLANDS
2021
The integration of Renewable Energy Sources (RES) with power electronics interface to the grid, without the back-up of rotating inertia, endangers frequency stability. This issue becomes particularly critical in isolated power systems, like those of small islands not supplied by the main grid, in the case of high shares of production from unpredictable renewables such as photovoltaic and wind sources. Consequently, to preserve the security and the reliability of these systems, it is necessary to adopt new frequency adjustments mechanisms. In this context, the thesis investigates the transition toward an economically and technically feasible generating system based on RES, to achieve specifi…
An Analysis of the Intertial Response of Small Isolated Power Systems in Presence of Generation from Renewable Energy Sources
2018
Renewable Energy Sources are posing critical issues related to the mining of power systems stability, essentially due to a decrement of the inertial response during system's contingencies. As a consequence, to preserve the security and the reliability of the system, it is necessary to adopt new frequency adjustments mechanisms. This issue becomes particularly critical in isolated power systems, like those of small islands not supplied by the main grid, in the case of high shares of production from unpredictable renewabies such as photovoitaic and wind sources. In this framework, the present work deals with the analysis of the variation of the inertia time constant of a small island in vario…
A Novel Operating Strategy for Customer-Side Energy Storages in Presence of Dynamic Electricity Prices
2015
In the wholesale energy market, electricity prices are determined by the balance between supply and demand. Normally, customers are not exposed to these variations but pay a constant electricity price. In an attempt to reduce demand peaks, several utilities are moving from a conventional fixed-rate pricing scheme to a new market-based model, based on time-of-use or real-time pricing, able to closely reflect the wholesale energy price. Electricity customers can thus take profit from the installation of storage systems, shifting their energy consumption from on-peak to off-peak periods. This paper presents a novel charging strategy to manage customer storage systems in presence of hourly elec…
An Algorithm for Optimal Sizing of BESS in Smart Islands Energy Communities: the Case of Pantelleria
2021
Energy Communities (EC) are a promising solution to reduce both the carbon footprint and the impact of Renewable Energy Sources (RES) on the distribution grid. Based on a simple energy sharing principle, EC can be decisive in the next future energy transition of some problematic territories, like small islands not supplied by the main power grid. By integrating Battery Energy Storage Systems (BESS), it is possible to improve the EC performance. However, due to the still high BESSs unit prices, the goal of this work is to find the optimal size of BESSs, under various conditions, which combines the need to maximize shared energy and the possible revenue of EC actors. To set this multi-objecti…
Multiple Scenario Analysis of Battery Energy Storage System Investment: Measuring Economic and Circular Viability
2022
Circular business models for batteries have been revealed in earlier research to achieve economic viability while reducing total resource consumption of raw materials. The objective of this study is to measure the economic performance of the preferred business model by creating different scenarios comparing second life (spent) and new battery investment for seven different European regions and four energy management strategies. Findings reveal levels of economic ability for a total of 34 scenarios simulated, including direct savings per kWh, a total change in energy costs per year, battery charge/discharge cycles, and comparative breakeven analyses. Regional effects are also measured based …
A simple operation strategy of battery storage systems under dynamic electricity pricing: An Italian case study for a medium-scale public facility
2014
In the electricity market, wholesale energy prices depend on the balance between energy production and load demand. In the last few years, electricity market has become more and more flexible as many utilities have started to replace the fixed retail prices schemes with prices changing during the day. Dynamic pricing, also known as Real-Time Pricing (RTP), reflects the trend of the wholesale market and allows to reduce the volatility of the wholesale prices, also contributing to a reduction of demand peaks. Electricity customers take advantage of dynamic pricing by shifting their consumption according to the real-time prices or by using Battery Energy Storage Systems (BESS) to shift electri…
Economic feasibility of a customer-side energy storage in the Italian electricity market
2015
Electricity prices show significant short-term variations during the day due to the need of balancing supply and demand in real time. Normally, customers are not exposed to these variations but pay a constant electricity price. In an attempt to reduce the volatility of the wholesale prices, several utilities are moving from conventional fixed-rate pricing schemes to new market-based models, where the electricity price can fluctuate during the day depending on the market conditions. Examples of time-dependent pricing schemes are Time-Of-Use (TOU) tariffs, where the electricity price can take two or three price levels during the day, or Real-Time Pricing (RTP) tariffs, where the energy price …