Economic viability of battery energy storage system applications

The share of renewable energy sources (RES) in power systems has been increasing in recent years. Future power systems will have lower inertia and difficult controllability, especially due to intermittent and variable renewable energy that is not dispatchable easily due to its fluctuating nature. Thus, it is necessary to increase the grid's flexibility to ensure system stability. For this need, new technologies such as battery energy storage systems (BESS) are widely discussed. It is thought to be very useful to create a fast and accurate response in frequency control services with BESSs, especially in low inertia grid conditions. The sizing, charge-discharge control, and lifetime of a BESS providing frequency control service depend heavily on the changes that may occur in the power systems. So, it is a very complex issue to decide during the investment phase. In this study, the optimum sizing, lifetime, and techno-economic evaluations of BESS providing primary frequency control (PFC) service have been made by grid's frequency data-driven. For this purpose, firstly; the BESS design providing PFC is created for Turkey's electricity system. Secondly, with the developed algorithm, the number of charge-discharge cycles of the BESS is calculated and the lifetime and capacity fading of the BESS are determined according to the frequency deviation. Finally, economic evaluations have been made for BESS considering the investment-operating costs and PFC market prices.

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“…But basically, a positive NPV is expected from a project. Any investment with a negative NPV should be avoided [15], [41].…”

Section: 4investment-operational Cost and Economic Evaluationmentioning

confidence: 99%