DP-Based Optimization of BESS to Substitute RICE Reserves for Improved Economic Benefits
Conference
·
· 2023 IEEE Energy Conversion Congress and Exposition (ECCE)
- Northeastern University,Dept. of Electrical & Computer Engineering,Boston,USA
- Florida State University,Dept. of Electrical & Computer Engineering,Tallahassee,USA
- Resource Planning City of Tallahassee Electric & Gas Utility,Tallahassee,USA
In regions with a significant proportion of renewable energy sources, reciprocating internal combustion engines (RICE or IC) are frequently employed as grid reserve solutions. This study suggests a scheduling technique for battery energy storage systems (BESS) that utilizes dynamic programming (DP) to replace IC units, adding versatility to the total reserve capacity and resulting in higher BESS earnings compared to traditional scheduling approaches. The capacity sweeping approach to optimize BESS’s revenue sometimes leads to operation which is counter intuitive to conventional battery sizing approaches.
- Research Organization:
- Northeastern Univ., Boston, MA (United States)
- Sponsoring Organization:
- USDOE
- DOE Contract Number:
- EE0009340
- OSTI ID:
- 2280432
- Journal Information:
- 2023 IEEE Energy Conversion Congress and Exposition (ECCE), Conference: 2023 IEEE Energy Conversion Congress and Exposition (ECCE), Nashville, TN, USA, 29 October 2023 - 02 November 2023
- Country of Publication:
- United States
- Language:
- English
Similar Records
An economic assessment of behind-the-meter photovoltaics paired with batteries on the Hawaiian Islands
The benefits of grid-scale storage on Oahu
Market Pricing and Settlements Analysis Considering Capacity Sharing and Reserve Substitutions of Operating Reserve Products
Journal Article
·
2021
· Applied Energy
·
OSTI ID:1763908
+1 more
The benefits of grid-scale storage on Oahu
Journal Article
·
2017
· Journal of Energy Storage
·
OSTI ID:1421611
+1 more
Market Pricing and Settlements Analysis Considering Capacity Sharing and Reserve Substitutions of Operating Reserve Products
Conference
·
2023
·
OSTI ID:2281822
+3 more