Coordinated Optimization of Multiservice Dispatch for Energy Storage Systems with Degradation Model for Utility Applications

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Abstract

The rapid development of energy storage technologies is motivating researchers to understand the possible value of energy storage. This paper evaluates the multiservice dispatch of distribution-sited energy storage systems with realistic degradation models by integrating a multiservice optimization model with a distribution system simulator. This work attempts to define the theoretical value energy storage can bring when multiple value streams are considered in the modeling environment. Use cases presented in this paper deliver multiple services to both distribution and transmission stakeholders that can provide positive net value to the electricity system under prevailing energy storage cost structures. This work was performed in collaboration with a distribution utility to help utility personnel understand the value distributed energy storage can provide by examining different utility use cases without considering implementation costs.

Original languageAmerican English
Article number8415775
Pages (from-to)886-894
Number of pages9
JournalIEEE Transactions on Sustainable Energy
Volume10
Issue number2
DOIs
StatePublished - Apr 2019

Bibliographical note

Publisher Copyright:
© 2010-2012 IEEE.

NREL Publication Number

  • NREL/JA-5D00-69019

Keywords

  • clean energy systems
  • Coordinated optimization
  • economic analysis
  • energy storage system
  • markets

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