ESS operation algorithm for economics considering battery degradation properties

Author

Ju-Kyoung Eom ; Yong-Su Noh ; Soon-Ryung Lee ; Bong-Yeon Choi ; Chung-Yuen Won

Author_Institution

Coll. of Inf. & Commun. Eng., Sungkyunkwan Univ., Suwon, South Korea

fYear

2014

fDate

Aug. 31 2014-Sept. 3 2014

Firstpage

1

Lastpage

5

Abstract

In this paper, Energy storage system(ESS) operation algorithm for economics considering battery degradation properties is proposed. Hourly electricity charge according to real-time pricing (RTP) and battery properties are analyzed for high profit through ESS operation. Especially, hourly electricity charge of Illinois State is analyzed. Characteristics of battery accounts for a high percentage of ESS configuration. Thus, degradation properties of the battery for the price considering the loss of battery usage is considered. The algorithm is proposed for the highest profit through analysis of the battery degradation properties and electricity charge, and the proposed algorithm is verified by mathematical analysis.

Keywords

battery storage plants; energy management systems; energy storage; pricing; ESS operation algorithm; Illinois State; battery degradation properties; energy storage system; hourly electricity charge; mathematical analysis; real-time pricing; Batteries; Degradation; Discharges (electric); Economics; Electricity; US Department of Defense;

fLanguage

English

Publisher

ieee

Conference_Titel

Transportation Electrification Asia-Pacific (ITEC Asia-Pacific), 2014 IEEE Conference and Expo

Conference_Location

Beijing

Print_ISBN

978-1-4799-4240-4

Type

conf

DOI

10.1109/ITEC-AP.2014.6941194

Filename

6941194