Impact of Uncertainty on Energy Storage Operation Decisions: Motivation and Framework

Energy Storage Systems (ESSs) are gaining great attention, as a viable option to operate power grids with the higher level of renewable energy penetrations. Naturally, the ESS acquisition and operation is motivated by the economics surrounding its potential services and revenue streams. The estimation of these revenues are dependent on uncertainties, arising from ESS's internal operation and external grid interactions. The main goal of this paper is in addressing these uncertainties. We organize sources of uncertainties which directly impact the use-case oriented operation of the ESS and propose a framework which combines the uncertain requirements from processes both internal and external to the ESS.