Establishing the Stacked Value of Battery Energy Storage in Electric Power Systems

Sujit Tripathy, Qian Deng, Daniel Tylavsky, Travis Stowers, Robert Hess

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

The true value of a battery energy storage system (BESS) can only be established when multiple technically and operationally compatible services rendered by the BESS are 'stacked' and valued. This paper makes an attempt towards estimating the stacked value of a BESS providing multiple services such as peak shaving, frequency regulation, and reserve support etc. in an Arizona-based test system. This has been achieved by developing a mixed-integer programming (MIP) based optimization model that captures the operation of the BESS in the test system. The obtained results suggest that BESS with stacked benefits yield significantly more value than BESS delivering a single primary service in isolation.

Original languageEnglish (US)
Title of host publication2018 North American Power Symposium, NAPS 2018
PublisherInstitute of Electrical and Electronics Engineers Inc.
ISBN (Electronic)9781538671382
DOIs
StatePublished - Jan 2 2019
Externally publishedYes
Event2018 North American Power Symposium, NAPS 2018 - Fargo, United States
Duration: Sep 9 2018Sep 11 2018

Publication series

Name2018 North American Power Symposium, NAPS 2018

Conference

Conference2018 North American Power Symposium, NAPS 2018
CountryUnited States
CityFargo
Period9/9/189/11/18

Fingerprint

Electric Power System
Energy Storage
Storage System
Electric power systems
Battery
Energy storage
Test System
Mixed Integer Programming
Integer programming
Optimization Model
Isolation

Keywords

  • Battery energy storage
  • Mixed-integer programming
  • Peak shaving
  • Reserve support
  • Stacked value

ASJC Scopus subject areas

  • Computer Networks and Communications
  • Energy Engineering and Power Technology
  • Electrical and Electronic Engineering
  • Control and Optimization

Cite this

Tripathy, S., Deng, Q., Tylavsky, D., Stowers, T., & Hess, R. (2019). Establishing the Stacked Value of Battery Energy Storage in Electric Power Systems. In 2018 North American Power Symposium, NAPS 2018 [8600615] (2018 North American Power Symposium, NAPS 2018). Institute of Electrical and Electronics Engineers Inc.. https://doi.org/10.1109/NAPS.2018.8600615

Establishing the Stacked Value of Battery Energy Storage in Electric Power Systems. / Tripathy, Sujit; Deng, Qian; Tylavsky, Daniel; Stowers, Travis; Hess, Robert.

2018 North American Power Symposium, NAPS 2018. Institute of Electrical and Electronics Engineers Inc., 2019. 8600615 (2018 North American Power Symposium, NAPS 2018).

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Tripathy, S, Deng, Q, Tylavsky, D, Stowers, T & Hess, R 2019, Establishing the Stacked Value of Battery Energy Storage in Electric Power Systems. in 2018 North American Power Symposium, NAPS 2018., 8600615, 2018 North American Power Symposium, NAPS 2018, Institute of Electrical and Electronics Engineers Inc., 2018 North American Power Symposium, NAPS 2018, Fargo, United States, 9/9/18. https://doi.org/10.1109/NAPS.2018.8600615
Tripathy S, Deng Q, Tylavsky D, Stowers T, Hess R. Establishing the Stacked Value of Battery Energy Storage in Electric Power Systems. In 2018 North American Power Symposium, NAPS 2018. Institute of Electrical and Electronics Engineers Inc. 2019. 8600615. (2018 North American Power Symposium, NAPS 2018). https://doi.org/10.1109/NAPS.2018.8600615
Tripathy, Sujit ; Deng, Qian ; Tylavsky, Daniel ; Stowers, Travis ; Hess, Robert. / Establishing the Stacked Value of Battery Energy Storage in Electric Power Systems. 2018 North American Power Symposium, NAPS 2018. Institute of Electrical and Electronics Engineers Inc., 2019. (2018 North American Power Symposium, NAPS 2018).
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