Economic viability of battery energy storage for the provision of frequency regulation service

• Autorzy: Yianni C. , Efthymiou V. , Georghiou G. E.
• Języki publikacji: EN

Abstrakty

EN

Battery Energy Storage Systems (BESS) can provide a number of services to the power grid, with various financial potentials. This paper examines the economic viability of BESS providing primary frequency regulation (PFR) services in European markets. The current status of frequency regulation markets of mainland UK (Great Britain) and Central Europe was investigated and a techno-econometric model was developed to examine the economic viability and profitability of each market case. The results show a positive Net Present Value (NPV) for all the examined markets and a high internal rate of return (IRR). The impact of the most influential parameters such as service price and initial capital cost has been examined and analyses. This analysis seeks to inform interested parties about the viability of BESS services and to provide guidelines for future development.

Słowa kluczowe

EN

battery energy storage; primary frequency regulation; economic viability

PL

bateryjny zasobnik energii; regulacja częstotliwości; efektywność ekonomiczna

• Wydawca: Institute of Heat Engineering, Warsaw University of Technology
• Czasopismo: Journal of Power Technologies
• Rocznik: 2018
• Tom: Vol. 98, nr 5
• Strony: 403--407
• Opis fizyczny: Bibliogr. 16 poz., tab., wykr.

Twórcy

autor

Yianni C.

• FOSS Research Centre for Sustainable Energy, Department of Electrical and Computer Engineering, University of Cyprus, Nicosia, Cyprus

autor

Efthymiou V.

• FOSS Research Centre for Sustainable Energy, Department of Electrical and Computer Engineering, University of Cyprus, Nicosia, Cyprus

autor

Georghiou G. E.

• FOSS Research Centre for Sustainable Energy, Department of Electrical and Computer Engineering, University of Cyprus, Nicosia, Cyprus

Bibliografia

• [1] G. Fitzgerald, J. Mandel, J. Morris, H. Touati, The economics of battery energy storage: How multi-use, customer-sited batteries deliver the most services and value to customers and the grid, Rocky Mountain Institute. Figure 3: NPV at years 5, 10 and 15 as a function of initial CAPEX of the system
• [2] C. Pieper, H. Rubel, Revisiting energy storage: there is a business case, The Boston Consulting Group (02).
• [3] V. Pandurangan, H. Zareipour, O. Malik, Frequency regulation services: A comparative study of select north american and european reserve markets, in: North American Power Symposium (NAPS), 2012, IEEE, 2012, pp. 1–8.
• [4] D. Greenwood, K. Y. Lim, C. Patsios, P. Lyons, Y. S. Lim, P. Taylor, Frequency response services designed for energy storage, Applied Energy 203 (2017) 115–127.
• [5] U. Energy, Ancillary services report 2017, Available online at:[Accessed 22 July 2017].
• [6] E. Ares, G. Grimwood, Energy Storage in the UK, House Commons Libr., no. 07621, p.32, 2016.
• [7] “enhanced frequency response (efr) national grid uk.” [online]. available: https://www.nationalgrid.com/uk/electricity/balancingservices/ frequency-response-services/enhanced-frequency response-efr.
• [8] “regelleistung.net internetplattform zur vergabe von regelleistung.” [online]. available: https://www.regelleistung.net/ext/tender/?lang=en. [accessed:20-feb-2018].
• [9] “net present value - npv,” 2017. [online]. available: http://www.investopedia.com/terms/n/npv.asp. [accessed: 21-oct-2017].
• [10] C. yianni, m. florides, s. afxentis, v. efthymiou, and g. e. georghiou, “economic viability of battery energy storage system applications,” 2018 ieee int. energy conf. energy con 2018, pp. 1–6, 2018.
• [11] F. Cell, H. J. Undertaking, Commercialisation of energy storage in europe, Final Report (2015) 52.
• [12] Lazard, “lazard’s levelised cost of storage v3.0,” november 2017.
• [13] “energy storage & battery technology,” no. march, pp. 1–5, 2017, sandbag.
• [14] B. Lee, M. Lapides, P. Archambault, I. Matsubashi, R. Koort, M. Sugiyama, The great battery race framing the next frontier in clean technology-electrical energy storage, Goldman Sachs.

Uwagi

PL

Opracowanie rekordu w ramach umowy 509/P-DUN/2018 ze środków MNiSW przeznaczonych na działalność upowszechniającą naukę (2019).