Cost-Benefit Analysis of Battery Energy Storage in Electric Power Grids: Research and Practices

Abstract

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Battery Storage Demonstration Projects An Overview Across Europe

“…INSULAE (Maximizing the impact of innovative energy approaches in the EU islands) aims at fostering the deployment of technological solutions for the EU islands decarbonization. It will be achieved by the development and demonstration on three islands -Bornholm (Denmark), Madeira (Portugal), and Unije (Croatia) -of a set of interventions linked to seven replicable use cases and subsequent creation of tools for the replicability enhancement and the decision making support, such as island Action Plans and an Investment Planning Tool [6].…”

Framework and methodology for active distribution grid planning in Norway

“…The assumptions underlying the assessment should be communicated to the decision maker and relevant uncertainties should be quantified and visualized. This approach can be contrasted with many of the optimization models proposed in the research literature that often returns only a single solution and does not provide the decision maker with insight into why this particular solution was selection or how sensitive the selection is to uncertainties [2].…”

“…In the research literature, on the other hand, a multitude of advanced optimisation methods have been proposed. However, considering BESS as one example of an active measure, a recent survey of the literature [2] found that these methods were rarely applied in a practical, long-term grid planning perspective. This makes it more challenging for distribution grid companies to employ such methods to assess costs, benefits and risks of active grid planning measures.…”

“…In the present work it is employed to emulate how an active grid planning measure affects the operation of the distribution system and to estimate the operational benefits, accounting for short-to long-term variability and uncertainty of load and generation. In contrast to much of the existing literature [2], this work does not focus on the (static) problems of BESS sizing and siting, but rather considers BESS jointly with other measures in a long-term grid planning perspective and focuses on describing risks associated with grid planning alternatives.…”

Comparison of Smart Charging and Battery Energy Storage System for a PV Prosumer with an EV

“…On the other hand, there is a large interest in PV prosumers with BESSs, with regards to scheduling and optimization [12]- [14]. In [15], the authors investigate the self-consumption of Swedish single-family households/dwellings, providing a sensitivity analysis of PV installation and battery of different sizes.…”