TY - GEN
T1 - Cost-benefit analysis of battery energy storage in electric power grids
T2 - 10th IEEE PES Innovative Smart Grid Technologies Europe, ISGT-Europe 2020
AU - Sperstad, Iver Bakken
AU - Istad, Maren
AU - Sale, Hanne
AU - Korpås, Magnus
AU - Oleinikova, Irina
AU - Hänninen, Seppo
AU - Motta, Sergio
AU - Panagiotou, Konstantina
AU - Papadimitriou, Christina
AU - Efthymiou, Venizelos
AU - Træholt, Chresten
AU - Marinelli, Mattia
N1 - Funding Information:
ACKNOWLEDGMENT Parts of this work has been funded by CINELDI – Centre for intelligent electricity distribution, an 8-year Research Centre under the FME scheme (Centre for Environment-friendly Energy Research, 257626/E20) of the Norwegian Research Council. The authors gratefully acknowledge the financial support from the Research Council of Norway and the CINELDI partners. The paper also reports findings from the Joint Program on Smart Grid of the European Energy Research Alliance (EERA), Sub-Programme on Electrical Storage Integration.
PY - 2020/10/26
Y1 - 2020/10/26
N2 - This paper provides an overview of methods for including Battery Energy Storage Systems (BESS) into electric power grid planning. The general approach to grid planning is the same with and without BESS, but when BESS is included as an alternative, other methods are necessary, which adds significant complexity to the planning problem. Although recent research literature proposes a wide range of methods and models for Cost-Benefit Analysis (CBA) of BESS for grid applications, these are to a little extent applied in practice. For the research-based methods to be suitable for grid planning, they should handle timing of installations as well as sizing and siting of BESS. Moreover, they must capture long-term developments in load and generation. Finally, the CBA methods need realistic modelling of the operational benefits of BESS, taking into account multi-period AC power flow, battery degradation, and utilization for multiple grid services.
AB - This paper provides an overview of methods for including Battery Energy Storage Systems (BESS) into electric power grid planning. The general approach to grid planning is the same with and without BESS, but when BESS is included as an alternative, other methods are necessary, which adds significant complexity to the planning problem. Although recent research literature proposes a wide range of methods and models for Cost-Benefit Analysis (CBA) of BESS for grid applications, these are to a little extent applied in practice. For the research-based methods to be suitable for grid planning, they should handle timing of installations as well as sizing and siting of BESS. Moreover, they must capture long-term developments in load and generation. Finally, the CBA methods need realistic modelling of the operational benefits of BESS, taking into account multi-period AC power flow, battery degradation, and utilization for multiple grid services.
KW - Battery storage
KW - Cost-benefit analysis
KW - Electric power grid
KW - Power system planning
UR - http://www.scopus.com/inward/record.url?scp=85097352554&partnerID=8YFLogxK
U2 - 10.1109/ISGT-Europe47291.2020.9248895
DO - 10.1109/ISGT-Europe47291.2020.9248895
M3 - Conference article in proceedings
AN - SCOPUS:85097352554
SN - 978-1-7281-7101-2
T3 - IEEE PES Innovative Smart Grid Technologies Conference Europe
SP - 314
EP - 318
BT - 2020 IEEE PES Innovative Smart Grid Technologies Europe (ISGT-Europe)
PB - IEEE Institute of Electrical and Electronic Engineers
Y2 - 26 October 2020 through 28 October 2020
ER -