TY - JOUR
T1 - Energy Storage on a Distribution Network for Self-Consumption of Wind Energy and Market Value
AU - Ademulegun, Oluwasola
AU - Keatley, Patrick
AU - Bani Mustafa, Motasem
AU - Hewitt, Neil
N1 - This was originally a conference paper (see duplicate output) which had been submitted for publishing. The university has paid for open access to be printed in the journal.
PY - 2020/5/26
Y1 - 2020/5/26
N2 - Wind energy could be generated and captured with a storage device within the customer premises for local utilization and for the provision of various services across the electricity supply chain. To assess the benefits of adding a storage device to an electricity distribution network that has two wind turbines with a base load of 500 kW and a typical peak load under 1500 kW, a 2 MW/4 MWh storage is installed. To observe the effects of adding the storage device to the network, a technical analysis is performed using the NEPLAN 360 modelling tool while an economic analysis is carried out by estimating the likely payback period on investment. A storage potential benefit analysis suggests how changes in integration policies could affect the utility of adding the storage device. With the addition of the storage device, self-consumption of wind energy increased by almost 10%. The profitability of the project increased when the device is also deployed to provide stacked services across the electricity supply chain. Policies that permit the integration of devices into the grid could increase the profitability of storage projects
AB - Wind energy could be generated and captured with a storage device within the customer premises for local utilization and for the provision of various services across the electricity supply chain. To assess the benefits of adding a storage device to an electricity distribution network that has two wind turbines with a base load of 500 kW and a typical peak load under 1500 kW, a 2 MW/4 MWh storage is installed. To observe the effects of adding the storage device to the network, a technical analysis is performed using the NEPLAN 360 modelling tool while an economic analysis is carried out by estimating the likely payback period on investment. A storage potential benefit analysis suggests how changes in integration policies could affect the utility of adding the storage device. With the addition of the storage device, self-consumption of wind energy increased by almost 10%. The profitability of the project increased when the device is also deployed to provide stacked services across the electricity supply chain. Policies that permit the integration of devices into the grid could increase the profitability of storage projects
KW - Distributed energy resources
KW - Economics of storage
KW - Energy storage
KW - Self-consumption of wind
KW - Storage services
KW - Wind energy
UR - http://www.scopus.com/inward/record.url?scp=85085858349&partnerID=8YFLogxK
U2 - 10.3390/en13112688
DO - 10.3390/en13112688
M3 - Article
VL - 13
SP - 1
EP - 17
JO - Energies
JF - Energies
SN - 1996-1073
IS - 11
M1 - 2688
ER -
