The Efficiency and Profitability of the Modular Multilevel Battery for Frequency Containment Reserve
(2021)
The modular multilevel battery (M2B) is a novel approach to integrate battery storage into the electricity grid. This paper obtains the efficiency and financial benefits of a working prototype system, compared to conventional systems for frequency containment reserve (FCR). The efficiency is determined with a low-level simulation that models the conduction losses on the circuit, the MOSFETs’ switching and conduction losses, and the system consumption. The simulation model shows, that the efficiency is superior to conventional inverters over the entire operating range. The operation for FCR shows a cost-reduction of 50% for transactions on the intraday market, resulting in a 72.9% higher net-profit after 10 years.
Assessment of residential battery storage systems and operation strategies considering battery aging
(2020)
With the increasing popularity of combining residential photovoltaic systems with battery storages, research, industry, and customers look for ways to determine if such an investment is economically profitable. Simulation programs may serve to predict the profitability and lifetime of the system. In this paper, we use techno-economic analysis with a specific account of battery degradation to determine profitability and lifetime of a residential photovoltaic (PV) battery system under different energy management and tariff regimes. This work presents two case studies: the first being a techno-economic comparison for a residential PV-battery system in New South Wales, Australia and Germany, and the second analyzing the profitability and degradation impact of three different operation strategies for a battery storage in Australia. The results reveal that site-specific conditions (i.e., geographical and energy-economic constraints) may have a significant impact on the ideal system configuration and ultimately the anticipated battery lifetime. Furthermore, statistical analysis of different storage operation strategies applied to various prosumer load and generation profiles reveals the effects of storage dispatch strategies on battery aging.