{"title":"Deployment of battery energy storage system for energy arbitrage applications","authors":"Aoxia Chen, P. Sen","doi":"10.1109/NAPS.2016.7747920","DOIUrl":null,"url":null,"abstract":"Modern electric power system is gradually evolving and is expected to be more reliable and efficient with two-way flow of information and electricity between demand and supply. Energy storage system (ESS) is one of the most promising ideas to achieve this concept. It can provide a variety of applications from generation and transmission system to distribution and end-user side. This paper focuses on solving an independent optimization problem, maximizing energy arbitrage revenue. An investor company installs a BESS of specific ratings (defined by the MW and maximum hour of operation) and economic evaluation are performed, including leverage investment analysis and net present value calculation.","PeriodicalId":249041,"journal":{"name":"2016 North American Power Symposium (NAPS)","volume":"18 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2016-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"10","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"2016 North American Power Symposium (NAPS)","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1109/NAPS.2016.7747920","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 10
Abstract
Modern electric power system is gradually evolving and is expected to be more reliable and efficient with two-way flow of information and electricity between demand and supply. Energy storage system (ESS) is one of the most promising ideas to achieve this concept. It can provide a variety of applications from generation and transmission system to distribution and end-user side. This paper focuses on solving an independent optimization problem, maximizing energy arbitrage revenue. An investor company installs a BESS of specific ratings (defined by the MW and maximum hour of operation) and economic evaluation are performed, including leverage investment analysis and net present value calculation.
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