Search results for "energy storage system"
showing 3 items of 33 documents
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 …
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 …
Stationary, Second Use Battery Energy Storage Systems and Their Applications: A Research Review
2021
The global demand for electricity is rising due to the increased electrification of multiple sectors of economic activity and an increased focus on sustainable consumption. Simultaneously, the share of cleaner electricity generated by transient, renewable sources such as wind and solar energy is increasing. This has made additional buffer capacities for electrical grids necessary. Battery energy storage systems have been investigated as storage solutions due to their responsiveness, efficiency, and scalability. Storage systems based on the second use of discarded electric vehicle batteries have been identified as cost-efficient and sustainable alternatives to first use battery storage syste…