Advanced battery techno-economics tool: INVADE Deliverable D6.5

Ari Hentunen, Juha Forsström, Victor Mukherjee

Research output: Book/ReportReport

Abstract

This deliverable presents the advanced battery techno-economic model that will be included in the flexibility management allocation and operation algorithm developed in Task 5.4 Design and program the flexibility management operation algorithm and described in detail in D5.4 Advanced battery operation and control algorithm. The main objective of this deliverable is to provide a tool that optimizes the battery operation in such a way that maximum economic value can be obtained. Basic technical, economical, and performance characteristics of battery energy storage systems (BESSs) as well as simplified models for the optimization framework were presented in D6.2 Battery techno-economics tool [1], which forms the basis for this deliverable. This deliverable adds details and features into the battery modelling methods in general, making it more accurate and usable. Furthermore, the overall optimization problem is now divided into two parts: (i) long-term planning and (ii) short-term operational optimization. With these improvements in the overall methodology and the storage system modelling, higher lifetime benefits can be obtained and the operating conditions impacting the degradation are covered better and in a computationally efficient way.
Original languageEnglish
PublisherINVADE project
Number of pages57
Publication statusPublished - 19 Dec 2018
MoE publication typeD4 Published development or research report or study

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Keywords

  • battery energy storage system (BESS)
  • battery degradation
  • battery lifetime

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