2023/01/16 by Nhat Le, Le, Nhat, Alexis Plasencia Leos +7
Engineering · Environmental Science · #Energy and Environment Impacts #FOS: Electrical engineering #Smart Grid Energy Management #Systems and Control (eess.SY) #electronic engineering #information engineering
paper · pdf · doi:10.48550/arxiv.2301.06268
openalex publication_date 2023/01/16 · openalex created_date 2023/01/19 · openalex updated_date 2026/07/28
During the COVID-19 pandemic, the U.S. power sector witnessed remarkable electricity demand changes in many geographical regions. these changes were evident in population-dense cities. This paper incorporates a techno-economic analysis of energy storage systems to investigate the pandemic's influence on ESS development, In particular, we employ a linear program-based revenue maximization model to capture the revenues of ESS from participating in the electricity market, by performing arbitrage on energy trading, and regulation market, by providing regulation services to stabilize the grid's frequency. We consider five dominant energy storage technologies in the U.S., namely, Lithium-ion, Advanced Lead Acid, Flywheel, Vanadium Redox Flow, and Lithium-Iron Phosphate storage technologies. Extensive numerical results conducted on the case of New York City allow us to highlight the negative impact that COVID-19 had on the NYC power sector.