Energy Storage in Energy Markets Books

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Energy Storage in Energy Markets


Energy Storage in Energy Markets
  • Author : Behnam Mohammadi-Ivatloo
  • Publisher : Academic Press
  • Release : 2021-04-30
  • ISBN : 9780128203835
  • Language : En, Es, Fr & De
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Energy Storage in Energy Markets reviews the modeling, design, analysis, optimization and impact of energy storage systems in energy markets in a way that is ideal for an audience of researchers and practitioners. The book provides deep insights on potential benefits and revenues, economic evaluation, investment challenges, risk analysis, technical requirements, and the impacts of energy storage integration. Heavily referenced and easily accessible to policymakers, developers, engineer, researchers and students alike, this comprehensive resource aims to fill the gap in the role of energy storage in pool/local energy/ancillary service markets and other multi-market commerce. Chapters elaborate on energy market fundamentals, operations, energy storage fundamentals, components, and the role and impact of storage systems on energy systems from different aspects, such as environmental, technical and economics, the role of storage devices in uncertainty handling in energy systems and their contributions in resiliency and reliability improvement. Provides integrated techno-economic analysis of energy storage systems and the energy markets Reviews impacts of electric vehicles as moving energy storage and loads on the electricity market Analyzes the role and impact of energy storage systems in the energy, ancillary, reserve and regulatory multi-market business Applies advanced methods to the economic integration of large-scale energy storage systems Develops an evaluation framework for energy market storage systems

Uncertainties in energy markets and their consideration in energy storage evaluation


Uncertainties in energy markets and their consideration in energy storage evaluation
  • Author : Keles, Dogan
  • Publisher : KIT Scientific Publishing
  • Release : 2014-05-22
  • ISBN : 9783731500469
  • Language : En, Es, Fr & De
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Energy Storage for Smart Grids


Energy Storage for Smart Grids
  • Author : Pengwei Du
  • Publisher : Academic Press
  • Release : 2014-10-18
  • ISBN : 9780124095434
  • Language : En, Es, Fr & De
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Energy storage is a main component of any holistic consideration of smart grids, particularly when incorporating power derived from variable, distributed and renewable energy resources. Energy Storage for Smart Grids delves into detailed coverage of the entire spectrum of available and emerging storage technologies, presented in the context of economic and practical considerations. Featuring the latest research findings from the world’s foremost energy storage experts, complete with data analysis, field tests, and simulation results, this book helps device manufacturers develop robust business cases for the inclusion of storage in grid applications. It also provides the comparisons and explanations grid planners and operators need to make informed decisions about which storage solutions will be most successful when implemented in operational grids. Connects the latest research findings in energy storage with strategies for economical and practical implementation in grid systems Brings together diverse knowledge resources in one comprehensive volume covering all major storage technologies, explained by experts from the world's leading research institutions Includes detailed data analysis from field tests and simulations to help planners and engineers choose the storage method that will add the most value to their grid operations

Batteries in Electricity Markets


Batteries in Electricity Markets
  • Author : Bolun Xu
  • Publisher :
  • Release : 2018
  • ISBN : OCLC:1081334867
  • Language : En, Es, Fr & De
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Batteries have been storing electricity for mankind since 1800, while it is till recently that grid-scale battery energy storage become commercially viable and are seeking merchant opportunities in electricity markets. Battery energy storage have faster ramp speed compared to other types of generation units, and are extremely valuable for facilitating the integration of renewable energy resources. Battery energy storage can provide arbitrage and ancillary services in the electricity market. However, even though nowadays battery energy storage systems are constructed and operated with mature technologies, it remains an open question on how to operates them economically in electricity market to maximize the investment profit. This dissertation covers the optimal planning, scheduling, and operation for battery energy storage in electricity markets. It shows that the degradation mechanism of electrochemical battery cells must be considered in market bidding and operation strategies to maximize the participant's operating profit, and proposes optimal methods to incorporate the cost of battery degradation into different participation stages and markets. For frequency regulation markets, this dissertation proposes a real-time control policy that optimally trades-off the performance penalty and the degradation cost in frequency regulation operations. A optimal bidding policy is designed based on the proposed control policy to maximize participant's market profit while maintaining satisfactory operation performance. For energy markets, this dissertation designs a piece-wise linear model that accurately incorporates battery degradation cost into dispatch optimization and bidding strategies. Finally, this dissertation proposes a bi-level planning model to optimize the location and rating of battery energy storage systems considering both energy and reserve markets. This model ensures the profitability of investments in energy storage by enforcing a rate of return constraint. This model is tested on a 240-bus model of the Western Electricity Coordinating Council (WECC) system, and the result analyzes the effects of different storage technologies, rate of return requirements, and regulation market policies on ES participation on the optimal storage investment decisions.

Thermal Mechanical and Hybrid Chemical Energy Storage Systems


Thermal  Mechanical  and Hybrid Chemical Energy Storage Systems
  • Author : Klaus Brun
  • Publisher : Academic Press
  • Release : 2020-09-24
  • ISBN : 9780128198940
  • Language : En, Es, Fr & De
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Thermal, Mechanical, and Hybrid Chemical Energy Storage Systems provides unique and comprehensive guidelines on all non-battery energy storage technologies, including their technical and design details, applications, and how to make decisions and purchase them for commercial use. The book covers all short and long-term electric grid storage technologies that utilize heat or mechanical potential energy to store electricity, including their cycles, application, advantages and disadvantages, such as round-trip-efficiency, duration, cost and siting. Also discussed are hybrid technologies that utilize hydrogen as a storage medium aside from battery technology. Readers will gain substantial knowledge on all major mechanical, thermal and hybrid energy storage technologies, their market, operational challenges, benefits, design and application criteria. Provide a state-of-the-art, ongoing R&D review Covers comprehensive energy storage hybridization tactics Features standalone chapters containing technology advances, design and applications