@inproceedings{75f5eb72b0ef4bb4a3f6ad1b1c6d9283,
title = "Establishing the Stacked Value of Battery Energy Storage in Electric Power Systems",
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.",
keywords = "Battery energy storage, Mixed-integer programming, Peak shaving, Reserve support, Stacked value",
author = "Sujit Tripathy and Qian Deng and Daniel Tylavsky and Travis Stowers and Robert Hess",
note = "Funding Information: The authors gratefully acknowledge the support for this work provided by the Salt River Project. Publisher Copyright: {\textcopyright} 2018 IEEE. Copyright: Copyright 2019 Elsevier B.V., All rights reserved.; 2018 North American Power Symposium, NAPS 2018 ; Conference date: 09-09-2018 Through 11-09-2018",
year = "2019",
month = jan,
day = "2",
doi = "10.1109/NAPS.2018.8600615",
language = "English (US)",
series = "2018 North American Power Symposium, NAPS 2018",
publisher = "Institute of Electrical and Electronics Engineers Inc.",
booktitle = "2018 North American Power Symposium, NAPS 2018",
}