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Unlocking the Potential of Battery Storage With the Dynamic Stacking of Multiple Applications

  • The ability of a battery energy storage system (BESS) to serve multiple applications makes it a promising technology to enable the sustainable energy transition. However, high investment costs are a considerable barrier to BESS deployment, and few profitable application scenarios exist at present. Here, we show that by tapping into multiple revenue streams using the dynamic stacking of applications, profitable operation is viable under current regulatory conditions. We develop a multi-use optimization framework which distinguishes between behind-the-meter and in-front-of-the-meter applications and considers how power capacity is allotted in addition to energy capacity allocation. The algorithm uses a rolling horizon optimization with an integrated degradation model and is fed with real-world data from a stationary lithium-ion battery in Germany. When combining peak shaving with frequency containment reserve, a net present value per Euro invested of 1.00 is achieved, and 1.24 with the addition of arbitrage trading on the intradayThe ability of a battery energy storage system (BESS) to serve multiple applications makes it a promising technology to enable the sustainable energy transition. However, high investment costs are a considerable barrier to BESS deployment, and few profitable application scenarios exist at present. Here, we show that by tapping into multiple revenue streams using the dynamic stacking of applications, profitable operation is viable under current regulatory conditions. We develop a multi-use optimization framework which distinguishes between behind-the-meter and in-front-of-the-meter applications and considers how power capacity is allotted in addition to energy capacity allocation. The algorithm uses a rolling horizon optimization with an integrated degradation model and is fed with real-world data from a stationary lithium-ion battery in Germany. When combining peak shaving with frequency containment reserve, a net present value per Euro invested of 1.00 is achieved, and 1.24 with the addition of arbitrage trading on the intraday continuous market.show moreshow less

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Metadaten
Author:Stefan Englberger, Andreas JossenORCiD, Holger C. HesseORCiDGND
DOI:https://doi.org/10.1016/j.xcrp.2020.100238
Identifier:2666-3864 OPAC HS OPAC extern
Parent Title (English):Cell Reports Physical Science
Publisher:Elsevier
Place of publication:New York
Document Type:Article
Language:English
Year of first Publication:2020
Volume:1
Issue:11
Article Number:100238
Number of pages:15 Seiten
First Page:1
Last Page:15
Institutes:Fakultät Maschinenbau
Dewey Decimal Classification:6 Technik, Medizin, angewandte Wissenschaften / 62 Ingenieurwissenschaften
Open Access:open_access
Research focus:FSP1: Energie
Publication Lists:Hesse, Holger
Publication reviewed:begutachtet
Licence (German):Creative Commons - CC BY - Namensnennung 4.0 International
Release Date:2022/09/08
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