Minimizing Wind Power Producer's Balancing Costs Using Electrochemical Energy Storage: Preprint

Brian Hodge, Jari iettinen, Ville ikka, Jukka assila, Jarmo artanen

Research output: Contribution to conferencePaper

Abstract

This paper examines how electrochemical energy storage can be used to decrease the balancing costs of a wind power producer in the Nordic market. Because electrochemical energy storage is developing in both technological and financial terms, a sensitivity analysis was carried out for the most important variables in the wind-storage hybrid system. The system was studied from a wind power producer's point of view. The main result is that there are no technical limitations to using storage for reducing the balancing costs. However, in terms of economic feasibility, installing hybrid wind-storage systems such as the one studied in this paper faces challenges in both the short and long terms.
Original languageAmerican English
Number of pages10
StatePublished - 2014
EventNordic Conference on Electricity Distribution Management and Development - Stockholm, Sweden
Duration: 8 Sep 20149 Sep 2014

Conference

ConferenceNordic Conference on Electricity Distribution Management and Development
CityStockholm, Sweden
Period8/09/149/09/14

NREL Publication Number

  • NREL/CP-5D00-62191

Keywords

  • balancing
  • batteries
  • battery systems
  • energy storage
  • wind power
  • wind power forecasting

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