2017/01/30 by Wuhua Hu, Ping Wang, Hu, Wuhua +3
Engineering · #Advanced Battery Technologies Research #FOS: Mathematics #Microgrid Control and Optimization #Optimization and Control (math.OC) #Smart Grid Energy Management
paper · pdf · doi:10.48550/arxiv.1701.08472
openalex publication_date 2017/01/30 · openalex created_date 2025/10/10 · openalex updated_date 2026/07/28
This paper presents an approach to assess the economics of customer-sited energy storage systems (ESSs) which are owned and operated by a customer. The ESSs can participate in frequency regulation and spinning reserve markets, and are used to help the customer consume available renewable energy and reduce electricity bill. A rolling-horizon approach is developed to optimize the service schedule, and the resulting costs and revenues are used to assess economics of the ESSs. The economic assessment approach is illustrated with case studies, from which we obtain some new observations on profitability of the customer- sited multi-use ESSs.