On optimal participation in the electricity markets of wind power plants with battery energy storage systems

Heredia, F.-Javier; Cuadrado, Marlyn D.; Corchero, Cristina

doi:10.1016/j.cor.2018.03.004

Cited by 90 publications

(38 citation statements)

References 23 publications

(40 reference statements)

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“…NEV's battery second use in energy storage is a systematic process [3,6,20,28,45]. It relates to several parts, such as battery energy storage station, battery suppliers (new battery provider, old battery provider), new energy power plant, power grid, used battery recyclers, and power users [37,39,41,60,61], as shown in Figure 3.…”

Section: Research Frameworkmentioning

confidence: 99%

“…The battery energy storage stations are mainly composed of BESS [20], power converter system (PCS) [14], and monitoring system. BESS is traditionally composed of battery packs and battery management system (BMS), which is composed of a battery electronics unit (BEU), a battery computer unit (BCU), and a battery management unit (BMU).…”

Section: System Dynamic Modelmentioning

confidence: 99%

“…According to the loan interest rate of the People's Bank of China for 1~5 years in 2018, the annual interest rate is 4.9%. From 2017, industry and academia have made strong forecasts about price declines for storage, with some suggesting that battery prices could halve by 2020 [20,22]. Thus, the ratio (θ) of battery cost changed can be considered 50%.…”

Section: Datamentioning

confidence: 99%

“…As for extending the service life of the power grid, BESS stores electricity during the period of low grid load, and releases electricity during the period of the peak grid load so that it can meet the power demand without expanding the grid, which then improves the service life of the grid. Moreover, if the BESS is installed on the new energy generation side, it can reduce the intermittent power generation (such as wind power, photovoltaic) to reduce the no-load of the generator, thereby improving the continuity of new energy generation and reducing the use of thermal power generation, which is good for the ecological environment [5,6,[18][19][20][21][22][23][27][28][29][30][31][32][33][34].…”

Section: Introductionmentioning

confidence: 99%

“…3 Used by energy customers, it can reduce the power loss caused by power failure, and also reduce the cost of electricity for users.Based on different scenarios, scholars have carried out multi-angle studies on their social and economic values. Research shows that NEV's battery second use in energy storage has essential value, including commercial value and social value [5][6][7][14][15][16][17][18][19][20][21][22][23][24][25].…”

mentioning

confidence: 99%

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Second Use Value of China’s New Energy Vehicle Battery: A View Based on Multi-Scenario Simulation

et al. 2020

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Nowadays, many countries are actively seeking ways to solve the energy crisis and environmental pollution. New Energy Vehicle (NEV) has become an important way to solve these problems. With the rapid development of NEV, its batteries need to be replaced with new batteries after 5–8 years. Therefore, whether the second use of NEV’s battery has commercial or social value becomes a research hotspot. The innovation of this paper is to use the cost-benefit method to determine the value influencing factors of NEV’s battery second use, and use system dynamics to perform scenario simulation analysis. The methods used in this paper are the cost-benefit method and system dynamics method. Firstly, this paper systematically analyzes the cost and benefit factors that affect the second use value of China’s NEV batteries and uses system dynamics to establish the relationship and value model among various factors. Then, this paper compares the value of battery energy storage between old batteries and new batteries. According to the cost-income factor analysis, this paper eventually selects specific factors and uses VENSIM software to carry out the multi-scenario simulation. The results show that NEV’s battery second use has commercial and social value compared to new battery energy storage. Moreover, battery cost, government subsidies, and electricity prices are three important factors that affect the second use value of China’s NEV battery. Changing the government’s cash subsidy methods, such as providing free batteries or combining new energy to reduce on-grid tariffs, will help increase the second use value of the NEV battery. In the future, the second use value of China’s NEV battery industry will be more significant, with the update of the technology, the surge in the number of NEV’s used batteries, and government support.

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