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(Reference retrieved automatically from Web of Science through information on FAPESP grant and its corresponding number as mentioned in the publication by the authors.)

Multi-Objective Sizing of Battery Energy Storage Systems for Stackable Grid Applications

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Author(s):
Arias, Nataly Banol [1] ; Lopez, Juan Camilo [1] ; Hashemi, Seyedmostafa [2] ; Franco, John F. [3] ; Rider, Marcos J. [1]
Total Authors: 5
Affiliation:
[1] Univ Estadual Campinas, Sch Elect & Comp Engn, Dept Energy Syst, BR-15385 Campinas - Brazil
[2] Tech Univ Denmark, Ctr Elect & Energy, Dept Elect Engn, DK-2800 Lyngby - Denmark
[3] Sao Paulo State Univ UNESP, Sch Energy Engn, BR-19274 Rosana - Brazil
Total Affiliations: 3
Document type: Journal article
Source: IEEE TRANSACTIONS ON SMART GRID; v. 12, n. 3, p. 2708-2721, MAY 2021.
Web of Science Citations: 2
Abstract

The deployment of battery energy storage systems (BESS) is rapidly increasing as a prominent option to support future renewable-based energy systems. However, despite its benefits from a technical perspective, there are still challenges related to its economic viability. On the other hand, sizing BESS considering only their economic viability can be impractical because financial objectives could be in conflict with other aspects, such as battery degradation and grid impact. This article proposes a multi-objective approach to determine the optimal size of BESS providing stackable services, such as frequency regulation and peak shaving. The proposed optimization method comprises financial and technical aspects represented by the payback period, battery life span, and grid impact. Given a set of market rules, a cost-benefit function, a regulation signal, consumption profiles and grid data, an enumerative approach is adopted to provide a set of Pareto optimal solutions. The performance of the proposed method is validated using the regulation market structure from PJM interconnection. Furthermore, a real 240-node distribution grid is used to assess the grid impact via OpenDSS. Simulations demonstrate that the proposed approach is a flexible and practical decision-making tool that investors can exploit when designing new BESS. (AU)

FAPESP's process: 18/23617-7 - Optimization of modern distribution system operation via Electric Vehicles' flexibility and stationary batteries integrated into three-phase unbalanced networks
Grantee:Maria Nataly Banol Arias
Support Opportunities: Scholarships in Brazil - Post-Doctoral
FAPESP's process: 15/21972-6 - Optimization of the operation and planning in transmission and distribution systems
Grantee:Rubén Augusto Romero Lázaro
Support Opportunities: Research Projects - Thematic Grants
FAPESP's process: 17/21752-1 - Mathematical Models and Moderns Solution Techniques for the Planning of the Expansion and Operation of Electrical Energy Systems
Grantee:Marcos Julio Rider Flores
Support Opportunities: Regular Research Grants