Energy Storage for Increasing Self-Consumption of Wind Energy And Market Value On A Distribution Network

Research output: Contribution to conferencePaper

Abstract

It is desirable to maximize the utilization of renewable energy resources. Wind
energy, being a renewable resource, could be generated and stored within the customer premises
while using the captured energy to provide various services. To demonstrate the benefits of
adding an energy storage at a distribution network having a typical peak load of 1,000 kW and
two wind turbines, a 2MW/4MWh storage is installed. All storage options that meet the
performance characteristics required are selected for economic and technical analysis. The
technical analysis is done through power flow techniques using the NEPLAN 360 modelling
tool while an existing market pricing scheme is used in analysing the feasibility of project. To
avoid the errors inherent in price quotes, hypothesised price ranges are used in estimating storage
costs and a likely payback period of project. New integration possibilities and potential benefits
of storage suggest how changes in market conditions could impact the profitability of the project.
Self-consumption of wind energy increased by about 10% after introducing the storage. Using
the storage to provide stacked market services makes the project more profitable. Policies that
encourage the integration of storage in delivering more benefits across the electricity supply
chain make storage project profitable.
Original languageEnglish
Pages372 – 383
Number of pages12
Publication statusPublished - 14 Feb 2020
EventConference proceedings of the 14th International Postgraduate Research Conference 2019 : contemporary and future directions in the Built Environment - University of Salford, Manchester, Manchester, United Kingdom
Duration: 16 Dec 201917 Dec 2019
Conference number: 14
http://usir.salford.ac.uk/id/eprint/56438/

Conference

ConferenceConference proceedings of the 14th International Postgraduate Research Conference 2019 : contemporary and future directions in the Built Environment
CountryUnited Kingdom
CityManchester
Period16/12/1917/12/19
Internet address

Keywords

  • Energy storage
  • Storage economics
  • Storage services
  • Wind energy
  • Wind self-consumption

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