Efficiency of Battery Systems from the Point of View of Economic Return

Abstract Battery energy storage systems (BESS) are becoming increasingly important and their number of applications in energy systems is constantly increasing. Although batteries cannot solve the problem of electricity storage in the long term, BESS systems have proven to be suitable for short-term provision of flexibility within the day. Their real usability is shaped by the provision of balancing services to ensure a stable supply of electricity in distribution networks. BESS systems were able to respond to the dynamic development of the electricity market in recent years and achieve excellent results from the point of view of economic return. The aim of the contribution is to present the results achieved in selected cases of BESS use and to determine their economic return. The size of the battery (installed power and capacity) is designed to be able to work in individual modes and operating cases. A critical element for the design of the battery size is the technical conditions for the provision of balancing services. On the basis of market research, we determine the costs of acquiring and operating the battery, including the need for a software superstructure for controlling the battery itself and ensuring the necessary business functions. According to the defined criteria, we evaluate the technical operation of the battery located at the point of consumption (behind the meter) using the battery model in several operating cases. Subsequently, we analyse its sales based on the development of market prices and the conditions in which the battery is placed.

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Publication Details

Journal
Production Engineering Archives
Published
2024-09-01
DOI
https://doi.org/10.30657/pea.2024.30.34
Citations
3
Primary Topic
Electric Vehicles and Infrastructure
Type
article
Field-Weighted Citation Impact
0.63

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article

Efficiency of Battery Systems from the Point of View of Economic Return

Tatiana Čorejová, Milan Garbier
3 citations
Production Engineering Archives
Electric Vehicles and Infrastructure
0.63
article

Efficiency of Battery Systems from the Point of View of Economic Return

Tatiana Čorejová, Milan Garbier
article en
3 citations

Abstract

Abstract Battery energy storage systems (BESS) are becoming increasingly important and their number of applications in energy systems is constantly increasing. Although batteries cannot solve the problem of electricity storage in the long term, BESS systems have proven to be suitable for short-term provision of flexibility within the day. Their real usability is shaped by the provision of balancing services to ensure a stable supply of electricity in distribution networks. BESS systems were able to respond to the dynamic development of the electricity market in recent years and achieve excellent results from the point of view of economic return. The aim of the contribution is to present the results achieved in selected cases of BESS use and to determine their economic return. The size of the battery (installed power and capacity) is designed to be able to work in individual modes and operating cases. A critical element for the design of the battery size is the technical conditions for the provision of balancing services. On the basis of market research, we determine the costs of acquiring and operating the battery, including the need for a software superstructure for controlling the battery itself and ensuring the necessary business functions. According to the defined criteria, we evaluate the technical operation of the battery located at the point of consumption (behind the meter) using the battery model in several operating cases. Subsequently, we analyse its sales based on the development of market prices and the conditions in which the battery is placed.

Production Engineering ArchivesVol. 30(3)
University of Žilina (SK)
Vedecká Grantová Agentúra MŠVVaŠ SR a SAV
Openalex Percentile: Top 32%
Electric Vehicles and Infrastructure
0.63
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Efficiency of Battery Systems from the Point of View of Economic Return — Tatiana Čorejová, Milan Garbier · Production Engineering Archives (2024) | TGRS Research Map | TGRS