Opening the ancillary service market: new market opportunities for energy storage systems in Italy

Schwidtal, Jan Marc; Zeffin, F.; Bignucolo, Fabio; Lorenzoni, Arturo; Agostini, Marco

doi:10.1109/eem49802.2020.9221871

Cited by 3 publications

(2 citation statements)

References 13 publications

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“…The most important findings of [23] is that in grids with long transmission lines and with an uneven distribution of the RES generation, the measured ROCOF values can differ at various parts of the grid, and hence there is an optimal distribution of the fast frequency reserves, as far as geographic location is concerned. Although [23] did not cover economic assessment, the results obtained (correlation between zonal AS costs and RES penetration levels) from the Italian grid by Schwidtal et al [64] support the findings.…”

Section: Batteriesmentioning

confidence: 57%

“…Despite the important results of [23,54,[56][57][58]64] on the sizing of the BESS-based FFR requirements, none of these works took into account the limitation of the BESS-based AS provision associated with SOC levels and degradation. As the literature review suggests, BESS technology alone is not sufficient to provide fast frequency control due to degradation challenges in technical terms, and neither the batteries can achieve economically feasible AS provision on their own.…”

Section: Batteriesmentioning

confidence: 99%

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Advancing Fast Frequency Response Ancillary Services in Renewable-Heavy Grids: A Global Review of Energy Storage-Based Solutions and Market Dynamics

Varhegyi,

Nour

2024

Preprint

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This review paper addresses the growing challenges and developments in frequency control within power systems influenced by increasing penetration of renewable energy sources. It evaluates the advancements and limitations of renewable-based control technologies and explores the critical role of diverse energy storage technologies in providing fast frequency response ancillary services. Through a comprehensive analysis of global literature, this paper categorizes energy storage solutions according to their efficacy in meeting fast frequency response demands and potential for revenue generation. It reveals significant gaps in current research, which predominantly focuses on battery energy storage systems and microgrid applications, with insufficient attention to grid-scale storage solutions and innovative energy storage technologies. This analysis identifies a lack of detailed technical simulations and hybrid storage models for frequency control, as well as a minimal exploration of the environmental benefits, particularly in terms of carbon dioxide emission reductions, associated with deploying new energy storage technologies in ancillary service markets. The paper concludes by highlighting the necessity for further research incorporating detailed techno-economic evaluations and carbon dioxide reduction potential of modular, scalable energy storage technologies, facilitated by advanced network simulation models and comprehensive market analysis.

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Section: Batteriesmentioning

confidence: 57%

Section: Batteriesmentioning

confidence: 99%

Advancing Fast Frequency Response Ancillary Services in Renewable-Heavy Grids: A Global Review of Energy Storage-Based Solutions and Market Dynamics

Varhegyi,

Nour

2024

Preprint

View full text Add to dashboard Cite

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Research on the revenue prospect for energy storage participation in electricity spot and FM auxiliary service markets —Considering capacity market mechanisms

Hu,

Zhao,

Zhang

et al. 2024

Preprint

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The vigorous development of energy storage is significant in supporting new energy consumption and enhancing the power system regulation capability. The spot and auxiliary service markets are the core ways for energy storage to realize commercial value. This paper establishes a revenue prediction model for energy storage participation in the electricity spot and FM auxiliary service market from the perspective of the revenue outlook of energy storage investment, including electric energy spot revenue, spot response incentive revenue considering capacity market price, and FM capacity revenue and FM mileage revenue. Specifically, the BP neural network prediction model, the FM clearing prediction model, and the capacity market supply and demand model are used to combine a variety of influencing factors to predict the spot price spread of electric energy, the FM mileage price, and the capacity price, which are then solved by substituting other parameters into the model. The results show that the method proposed in this paper is favorable for energy storage investment cost recovery and has good economics.

show abstract

Advancing Fast Frequency Response Ancillary Services in Renewable-Heavy Grids: A Global Review of Energy Storage-Based Solutions and Market Dynamics

Varhegyi,

Nour

2024

Energies

View full text Add to dashboard Cite

This paper addresses the growing challenges and developments in frequency control within power systems influenced by the increasing penetration of renewable energy sources. It evaluates the advancements and limitations of renewable-based control technologies and explores the critical role of diverse energy storage technologies in providing fast frequency response ancillary services. Through a comprehensive analysis of the global literature, this paper categorises energy storage solutions according to their efficacy in meeting fast frequency response demands and potential for revenue generation. It reveals significant gaps in the current research, which predominantly focuses on battery energy storage systems and microgrid applications, with insufficient attention to grid-scale storage solutions and innovative energy storage technologies. This analysis identifies a lack of detailed technical simulations and hybrid storage models for frequency control, as well as a minimal exploration of the environmental benefits, particularly in terms of carbon dioxide emission reductions, associated with deploying new energy storage technologies in ancillary service markets. The paper concludes by emphasising the urgent need for further research incorporating detailed techno-economic evaluations and the carbon dioxide reduction potential of modular, scalable energy storage technologies, which should be facilitated by advanced network simulation models and comprehensive market analysis to drive future advancements in the field.

show abstract

Opening the ancillary service market: new market opportunities for energy storage systems in Italy

Cited by 3 publications

References 13 publications

Advancing Fast Frequency Response Ancillary Services in Renewable-Heavy Grids: A Global Review of Energy Storage-Based Solutions and Market Dynamics

Advancing Fast Frequency Response Ancillary Services in Renewable-Heavy Grids: A Global Review of Energy Storage-Based Solutions and Market Dynamics

Research on the revenue prospect for energy storage participation in electricity spot and FM auxiliary service markets —Considering capacity market mechanisms

Advancing Fast Frequency Response Ancillary Services in Renewable-Heavy Grids: A Global Review of Energy Storage-Based Solutions and Market Dynamics

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