Advancements in Battery Energy Storage Systems Technical and Economic Modelling for Planning and Operation
A special issue of Sustainability (ISSN 2071-1050).
Deadline for manuscript submissions: 28 October 2024 | Viewed by 736
Special Issue Editors
Interests: power markets; multi-energy systems; energy communities, market and network regulation
Special Issue Information
Dear Colleagues,
Energy transition is underway, and more and more renewable energy sources (RES), especially nonprogrammable (NP-RES), are connected to the grid. The year of 2023 has seen 510 GW of new RES capacity, recording both the largest addition ever and the largest year-on-year increase (+170 GW), IEA reports.
Energy storage becomes a key resource for guaranteeing grid network operational security and power system adequacy. That is why the EU has requested each Member State to define energy storage deployment targets and establish sound competitive mechanisms for procuring the necessary storage amount. The storage systems will then compete on energy markets for different types of services.
Among storage technologies, Battery Energy Storage Systems (BESSs) experience the widest cost drops, and this is not stopping for the next decade. By 2030, BESS capital cost will reduce by 35% with respect to today, NREL reports.
The urgent research questions are the following. What are the most useful modelling approaches to assess if a BESS can technically provide the requested services while granting the required return on investment? How is it possible to handle the capital intensive nature of BESS investments from both a technical and an economic perspective? The best methodologies to assess performance of BESS during operation should be identified. They should offer a trade-off guaranteeing high accuracy while limiting computational effort, thus also enabling long-term simulations (e.g., multiyear). Economic appraisal should include realistic estimation of energy and revenue streams that can be gathered on the markets. In addition, it could be worth considering the options a BESS manager has when undertaking a BESS project to cope with uncertainties. In this Special Issue, we invite original research on the techno-economic modelling for planning and operating BESS.
In this Special Issue, original research articles and reviews are welcome. Research areas may include (but are not limited to) the following:
- Planning and sizing models for BESS;
- Operational model for BESS providing ancillary services and/or RES integration;
- Technical BESS models for reliability assessment in ancillary services provision;
- Revenue stacking optimization;
- Economic appraisal of BESS investment;
- Development of BESS models for performance estimation of grid-connected BESS;
- Calendar and cycle aging models for grid-connected BESS;
- Levelized cost of storage (LCOS) estimation models and approaches;
- Business model analysis for grid-connected BESS;
- Economic evaluation of hybrid (RES+BESS) portfolios.
We look forward to receiving your contributions.
Dr. Filippo Bovera
Dr. Giuliano Rancilio
Guest Editors
Manuscript Submission Information
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Keywords
- BESS
- electricity markets
- ancillary services
- frequency regulation
- service stacking
- LCOS
- battery aging
- experimental models
