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Stacking Battery Energy Storage Revenues in Future Distribution Networks | IEEE Journals & Magazine | IEEE Xplore

Stacking Battery Energy Storage Revenues in Future Distribution Networks


Annual net revenue from the participation of battery energy storage systems in sole/stacked services in the island of Ireland (I-SEM: Integrated Single Electricity Market...

Abstract:

Distribution system operators are attracted to battery energy storage systems (BESS) as a smart option to support the distribution network. However, due to its high capit...Show More

Abstract:

Distribution system operators are attracted to battery energy storage systems (BESS) as a smart option to support the distribution network. However, due to its high capital cost, BESS profitability is dependent on the participation in multiple services to stack revenues and rationalize their existence. Yet, revenue stacking is location-dependent based on the available services and regulations. In this paper, specific revenue stacking frameworks are proposed for BESS installed in modern distribution networks that consider the conflicts and synergies that may occur from the involvement in multiple services in practice. A simple yet effective sizing formulation is introduced to find the BESS system size based on the primary service which is to solve the distribution network violations. BESS scheduling is simulated in accordance with the proposed frameworks to maximize the stackable profits for a case study of Northern Ireland. The BESS profitability is investigated through cost-benefit analyses of different technologies for the sole and stacked services. The results show that revenue stacking can boost the annual revenues by 129% with a payback period of 8 years on average. The presented insights are useful for network operators and energy investors in understanding and assessing the profitability of different BESS technologies for various applications.
Annual net revenue from the participation of battery energy storage systems in sole/stacked services in the island of Ireland (I-SEM: Integrated Single Electricity Market...
Published in: IEEE Access ( Volume: 10)
Page(s): 35026 - 35039
Date of Publication: 28 March 2022
Electronic ISSN: 2169-3536

Funding Agency:


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