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Advanced energy storage systems in electricity market: present and future challenges

Grant number: 17/12257-7
Support type:Scholarships in Brazil - Scientific Initiation
Effective date (Start): September 01, 2017
Effective date (End): August 31, 2018
Field of knowledge:Engineering - Electrical Engineering
Principal Investigator:Mauricio Barbosa de Camargo Salles
Grantee:Tainá Natal Gadotti
Home Institution: Escola Politécnica (EP). Universidade de São Paulo (USP). São Paulo , SP, Brazil

Abstract

The interest in advanced energy storage systems has increased in recent years. New manufacturers, applications and technologies are emerging, with the aim of being the next disruptive innovation to gain penetration in the energy market. Special attention has been given to applications related to renewable energies to support the variable generation from solar and wind energy. International energy markets are also at the center of the attention of both the scientific community and industrial sectors in order to make the installation of energy storage systems economically viable. In this context, the dispatch of the storage systems is done in such a way that their charge and the discharge aim to maximize the revenue from the purchase and sale of energy. The main reasons for this are: continuous reduction of costs of advanced storage systems, development of new technologies and volatility of energy prices. In this way, we will analyze the potential revenue of a generic advanced energy storage system in two different markets: PJM (a US regional broadcasting organization) and Brazilian for industrial and commercial facilities (for binomial and white tariffs). The results will provide insight into potential revenue from optimized dispatch of energy storage systems, providing basic information for conducting specific analyzes of the economic viability of different technologies for the industry and the society. (AU)