Title :
Sizing and Optimal Operation of Battery Energy Storage System for Peak Shaving Application
Author :
Oudalov, Alexandre ; Cherkaoui, Rachid ; Beguin, Antoine
Author_Institution :
Corp. Res., ABB Switzerland Ltd., Daettwil
Abstract :
This paper presents a sizing methodology and optimal operating strategy for a battery energy storage system (BESS) to provide a peak load shaving. The sizing methodology is used to maximize a customer´s economic benefit by reducing the power demand payment with a BESS of a minimum capacity, i.e. a system with a lowest cost. The BESS optimal operating strategy is based on dynamic programming and is aimed to minimize the energy cost while satisfying battery physical constraints.
Keywords :
battery storage plants; dynamic programming; energy storage; power system economics; battery energy storage system; battery physical constraints; dynamic programming; peak load shaving application; power demand payment; sizing methodology; Batteries; Cost function; Distributed power generation; Dynamic programming; Energy consumption; Energy storage; Industrial plants; Power demand; Power generation economics; Power system economics; Peak load shaving; battery energy storage system; dynamic programming; optimal capacity;
Conference_Titel :
Power Tech, 2007 IEEE Lausanne
Conference_Location :
Lausanne
Print_ISBN :
978-1-4244-2189-3
Electronic_ISBN :
978-1-4244-2190-9
DOI :
10.1109/PCT.2007.4538388
