Abstract:
Stressed and less secure power system operating conditions have encouraged both power utilities and large power consumers to look for bulk energy storage systems. Battery...Show MoreMetadata
Abstract:
Stressed and less secure power system operating conditions have encouraged both power utilities and large power consumers to look for bulk energy storage systems. Battery energy storage systems (BESS) have excellent records and are used for decades in power systems. This paper describes a methodology for a monetary value analysis of the BESS for load leveling, control power and peak shaving applications. The purpose of this value analysis is to highlight the application with the highest financial benefit for the owner of the BESS. To determine the overall economic viability, revenue of each application has been compared with capital and operating costs over the BESS lifetime. The results of the value analysis show that primary control power is the application that most likely will be asked for by utilities during next 3-5 years
Published in: 2006 IEEE PES Power Systems Conference and Exposition
Date of Conference: 29 October 2006 - 01 November 2006
Date Added to IEEE Xplore: 05 February 2007
ISBN Information:
Keywords assist with retrieval of results and provide a means to discovering other relevant content. Learn more.
- IEEE Keywords
- Index Terms
- Power System ,
- Battery Energy Storage ,
- Power System Applications ,
- Loading Control ,
- Load Level ,
- Peak Load ,
- Power Utility ,
- Increase In Load ,
- Peak Power ,
- Time Of Discharge ,
- Battery Power ,
- Electrochemical Cell ,
- Power Demand ,
- Peak Period ,
- Mature Technology ,
- Power Quality ,
- Primary Regulator ,
- Net Present Value ,
- Peak Demand ,
- Voltage Sag ,
- Charging Demand ,
- Redox Flow Batteries ,
- Electric Power System ,
- Types Of Batteries
Keywords assist with retrieval of results and provide a means to discovering other relevant content. Learn more.
- IEEE Keywords
- Index Terms
- Power System ,
- Battery Energy Storage ,
- Power System Applications ,
- Loading Control ,
- Load Level ,
- Peak Load ,
- Power Utility ,
- Increase In Load ,
- Peak Power ,
- Time Of Discharge ,
- Battery Power ,
- Electrochemical Cell ,
- Power Demand ,
- Peak Period ,
- Mature Technology ,
- Power Quality ,
- Primary Regulator ,
- Net Present Value ,
- Peak Demand ,
- Voltage Sag ,
- Charging Demand ,
- Redox Flow Batteries ,
- Electric Power System ,
- Types Of Batteries