Search results for "Battery energy storage system"

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Optimization of BESS Capacity Under a Peak Load Shaving Strategy

2018

Battery energy storage systems (BESSs) are becoming increasingly competitive in the global energy landscape, thanks to the strong cost reduction that has taken place in recent years and it is expected to continue in the next future. Among the many benefits BESSs can provide, time shifting can be exploited by electricity consumers to save on the electricity bill, charging the storage during the off-peak hours and discharging when the cost of electricity is high. This paper describes a simple procedure to optimize the BESS capacity under a peak load shaving strategy, in presence of a time-of-use (TOU) electricity rate, able to guarantee, at the same time, the flattest daily power diagram and …

peak shaving strategyComputer sciencebusiness.industry020209 energy02 engineering and technologyTime shiftingpeak demand chargeBattery energy storage systemAutomotive engineeringPeak load shavingRenewable energySettore ING-IND/33 - Sistemi Elettrici Per L'EnergiaCost reduction0202 electrical engineering electronic engineering information engineeringPower diagramElectricitybattery energy storage systembusinessCost of electricity by source2018 IEEE International Conference on Environment and Electrical Engineering and 2018 IEEE Industrial and Commercial Power Systems Europe (EEEIC / I&CPS Europe)

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