Economic Assessment Of The Efficiency Of The Application Of Energy Storage System To Compensate The Load Rise And Shedding Of Gas Piston Installation

2020 ◽  
Author(s):  
Alexander Fedotov ◽  
Rinat Misbakhov ◽  
Kamil Bakhteev ◽  
Rustem Abdullazyanov
Keyword(s):  
Energy Storage ◽  
Storage System ◽  
Economic Assessment ◽  
Energy Storage System

scholarly journals Battery Storage-Based Frequency Containment Reserves in Large Wind Penetrated Scenarios: A Practical Approach to Sizing

Energies ◽  
2018 ◽  
Vol 11 (11) ◽  
pp. 3065 ◽  
Author(s):  
Monika Sandelic ◽  
Daniel-Ioan Stroe ◽  
Florin Iov
Keyword(s):  
Energy Storage ◽  
Wind Power ◽  
Power Plants ◽  
Storage System ◽  
Economic Assessment ◽  
Energy Storage System ◽  
Battery Energy Storage System ◽  
Battery Energy Storage ◽  
Battery Energy ◽  
Large Wind

This paper focuses on the sizing of a battery energy storage system providing frequency containment reserves in a power system with a large wind power penetration level. A three-stage sizing methodology including the different aspect of battery energy storage system performance is proposed. The first stage includes time-domain simulations, investigating battery energy storage system dynamic response and its capability of providing frequency reserves. The second stage involves lifetime investigation. An economic assessment of the battery unit is carried out by performing the last stage. The main outcome of the proposed methodology is to choose the suitable battery energy storage system size for providing frequency containment reserve from augmented wind power plants while fulfilling relevant evaluation criteria imposed for each stage.

scholarly journals Operation and Economic Assessment of Hybrid Refueling Station Considering Traffic Flow Information

Energies ◽  
2018 ◽  
Vol 11 (8) ◽  
pp. 1991 ◽  
Author(s):  
Suyang Zhou ◽  
Yuxuan Zhuang ◽  
Wei Gu ◽  
Zhi Wu
Keyword(s):  
Energy Storage ◽  
Traffic Flow ◽  
Storage System ◽  
Economic Assessment ◽  
Energy Storage System ◽  
Economic Benefits ◽  
Green Energy ◽  
Fuel Cell Vehicle ◽  
Management Approach ◽  
Hydrogen Pumps

It is anticipated that the penetration of “Green-Energy” vehicles, including Electric Vehicle (EV), Fuel Cell Vehicle (FCV), and Natural Gas Vehicle (NGV) will keep increasing in next decades. The demand of refueling stations will correspondingly increase for refueling these “Green-Energy” vehicles. While such kinds of “Green-Energy” vehicles can provide both social and economic benefits, effective management of refueling various kinds of these vehicles is necessary to maintain vehicle users’ comfortabilities and refueling station’s return on investment. To tackle these problems, this paper proposes a novel energy management approach for hybrid refueling stations with EV chargers, Hydrogen pumps and gas pumps. Firstly, the detailed models of EV chargers, Hydrogen pumps with electrolyte and hydrogen tank, the gas pumps with gas tank, renewable resources, and battery energy storage systems are established. The forecasting methodologies for renewable energy, electricity price and the traffic flow are also presented to support the hybrid refueling station modeling and operation. Then, a management approach is adopted to manage the refueling various kinds of vehicles with considerations of the refueling station profitability. Finally, the proposed management approach is verified under four different kinds of tariffs- Economy-7, Economy-10, Flat-rate, and Real-Time Pricing (RTP), finding that the proposed management approach has the best performance under RTP tariff. The economic assessment of the Energy Storage System (ESS) is also performed. It is found that the ESS can make the saving up to $127 per day. Different sizes of gas storage tank are compared in the final section as well. The result shows that increasing the size of the tank does not bring attractive extra benefits with the consideration of the investment on enlarging the tank size.

scholarly journals Techno-Economic Assessment of Mobilized Thermal Energy Storage System Using Geothermal Source in Polish Conditions

Energies ◽  
2020 ◽  
Vol 13 (13) ◽  
pp. 3404 ◽  
Author(s):  
Dominika Matuszewska ◽  
Marta Kuta ◽  
Piotr Olczak
Keyword(s):  
Energy Storage ◽  
Heat Source ◽  
Storage System ◽  
Economic Assessment ◽  
Energy Storage System ◽  
Geothermal Heat ◽  
Indirect Contact ◽  
Storage Container ◽  
Charging Station ◽  
Heat Demand

The paper considers technical and economic possibilities to provide geothermal heat to individual recipients using a mobile thermal storage system (M-TES) in Polish conditions. The heat availability, temperature and heat cost influence the choice of location—Bańska Niżna, near Zakopane in the southern part of the Poland. The indirect contact energy storage container was selected with phase change material characterized by a melting temperature of 70 °C and a heat storage capacity of 250 kJ/kg, in the amount of 800 kg. The economic profitability of the M-TES system (with a price per warehouse of 6000 EUR, i.e., a total of 12,000 EUR—two containers are needed) can be achieved for a heat demand of 5000 kWh/year with the price of a replaced heat source at the level of 0.21 EUR/kWh and a distance between the charging station and building (heat recipient) of 0.5 km. For the heat demand of 15,000 kWh/year, the price for the replaced heat reached EUR 0.11/kWh, and the same distance. In turn, for a demand of 25,000 kWh/year, the price of the replaced heat source reached 0.085 EUR/kWh. The distance significantly affected the economic profitability of the M-TES system—for the analyzed case, a distance around 3–4 km from the heat source should be considered.

scholarly journals Techno-Economic Assessment and Operational Planning of Wind-Battery Distributed Renewable Generation System

2021 ◽  
Vol 13 (12) ◽  
pp. 6776
Author(s):  
Umar Salman ◽  
Khalid Khan ◽  
Fahad Alismail ◽  
Muhammad Khalid
Keyword(s):  
Energy Storage ◽  
Renewable Energy Sources ◽  
Storage System ◽  
Economic Assessment ◽  
Electrical Energy ◽  
Energy Storage System ◽  
Optimal Operation ◽  
Power Demand ◽  
Varying Demand ◽  
Operation Cost

Electrical energy and power demand will experience exponential increase with the rise of the global population. Power demand is predictable and can be estimated based on population and available historical data. However, renewable energy sources (RES) are intermittent, unpredictable, and environment-dependent. Interestingly, microgrids are becoming smarter but require adequate and an appropriate energy storage system (ESS) to support their smooth and optimal operation. The deep discharge caused by the charging–discharging operation of the ESS affects its state of health, depth of discharge (DOD), and life cycle, and inadvertently reduces its lifetime. Additionally, these parameters of the ESS are directly affected by the varying demand and intermittency of RES. This study presents an assessment of battery energy storage in wind-penetrated microgrids considering the DOD of the ESS. The study investigates two scenarios: a standalone microgrid, and a grid-connected microgrid. The problem is formulated based on the operation cost of the microgrid considering the DOD and the lifetime of the battery. The optimization problem is solved using non-linear programming. The scheduled operation cost of the microgrid, the daily scheduling cost of ESS, the power dispatch by distributed generators, and the DOD of the battery storage at any point in time are reported. Performance analysis showed that a power loss probability of less than 10% is achievable in all scenarios, demonstrating the effectiveness of the study.

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