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.
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 language | English |
|---|---|
| Pages | 372 – 383 |
| Number of pages | 12 |
| Publication status | Published (in print/issue) - 14 Feb 2020 |
| Event | Conference 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 2019 → 17 Dec 2019 Conference number: 14 http://usir.salford.ac.uk/id/eprint/56438/ |
Conference
| Conference | Conference proceedings of the 14th International Postgraduate Research Conference 2019 : contemporary and future directions in the Built Environment |
|---|---|
| Country/Territory | United Kingdom |
| City | Manchester |
| Period | 16/12/19 → 17/12/19 |
| Internet address |
Keywords
- Energy storage
- Storage economics
- Storage services
- Wind energy
- Wind self-consumption
