IJBTT

Performance Analysis of Analytical Tools in the Techno-Economic Assessment of Electrical Energy Storage and Grid Balancing

Performance Analysis of Analytical Tools in the Techno-Economic Assessment of Electrical Energy Storage and Grid Balancing
	© 2021 by IJETT Journal
	Volume-69 Issue-7
	Year of Publication : 2021
	Authors : Asif Nazar, Naqui Anwer
	DOI :  10.14445/22315381/IJETT-V69I7P221

How to Cite?

Asif Nazar, Naqui Anwer, "Performance Analysis of Analytical Tools in the Techno-Economic Assessment of Electrical Energy Storage and Grid Balancing," International Journal of Engineering Trends and Technology, vol. 69, no. 7, pp. 150-158, 2021. Crossref, https://doi.org/10.14445/22315381/IJETT-V69I7P221

Abstract
Energy Storage has a crucial role in ‘Grid Balancing’ with the integration of grid-connected Variable Energy Resources like Wind and Solar Photovoltaic. The selection of appropriate Energy Storage Technology depends on the grid location and the type of grid applications. So a comprehensive study for ‘Screening of Energy Storage Technology’ is needed. Further, only screening of technology without cost-benefit analysis will not serve the purpose. So it is necessary to select appropriate tools capable of ‘Screening of Technology’ and carrying economic analysis. Hence ES-SelectTM has been used for Screening Storage Technology, and Energy Storage Computational Tool (ESCT) has been used to assess economic and other benefits. The efficacy and limitations of these tools have been shown using a test case. The test case shows that appropriate storage technology can be identified using the ES-Select tool. ESCT tool identifies and quantifies the benefit of relevant grid applications for identified storage technology. Quantified monetary benefits comprise economic and environmental benefits. As per computational results, chosen storage technology has no payback under 15 years. A responsive Regulatory Framework and accommodative energy market that provides a level playing field can ensure economic viability for storage technology.

Keywords
Energy Storage, Battery Storage, Grid Balancing, Smart Grid, ES-SelectTM, ESCT

Reference
[1] M.Y. Suberu, M.W. Mustafa, and N. Bashir., Energy storage systems for renewable energy power sector integration and mitigation of intermittency, Renewable Sustainable Energy Rev., 35 (2014) 499-514.
[2] P.E. Dodds, S.D. Garvey, The Role of Energy Storage in Low- Carbon Energy Systems, in Storing Energy: with Special Reference to Renewable Energy Sources, T.M. Letcher, Ed.: Elsevier, (2016) 6.
[3] J.D. Jenkins, Z. Zhou, R. Ponciroli, R.B. Vilim, F. Ganda, F. de Sisternes, and A. Botterud., The benefits of nuclear flexibility in power system operations with renewable energy, Appl. Energy, 222 (2018) 872-884.
[4] P. Nunes and M.C. Brito., Displacing natural gas with electric vehicles for grid stabilization, Energy, 141 (2017) 87-96.
[5] International Energy Agency (IEA), Cumulative Installed Storage Capacity, 2017-23, https://www.iea.org/data-andstatistics/ charts/cumulative-installed-storage-capacity-2017-2023. (2017).
[6] O. Palizban and K. Kauhaniemi., Energy storage system in Modern grids -- Matrix of Technologies and applications, J. Energy Storage, 6 (2016) 248-259.
[7] International Energy Agency IEA): Technology Roadmap: Energy Storage (2014). https://webstore.iea.org/download/direct/451.
[8] X. Luo, J. Wang, M. Dooner, and J. Clarke., Overview of current development in electrical energy storage technologies and the application potential in power system operation, Appl. Energy, 137(2015) 511-536.
[9] A. Castillo and D.F. Gayme., Grid-scale energy storage applications in renewable energy integration: A survey, Energy Convers. Manage., 87 (2014) 885-894.
[10] R. Al-Foraih, K.J. Sreekanth, A. Al Mulla, B. Abdulrahman., Endorsing stable and steady power supply by exploiting energy storage technologies: A study of Kuwait’s power sector, in The Role of Exergy in Energy and the Environment, S. Nizetic and A. Papadopoulos, Eds.: ser. Green Energy and Technology, Springer, (2018).
[11] F. Drin?i? and S. Mujovi?., Energy storage systems: An overview of existing technologies and analysis of their applications within the power system of Montenegro, 23rd International Scientific- Professional Conference on Information Technology (IT), (2018) 1-4.
[12] K. Tam., Energy storage technologies for future electric power systems, 10th International Conference on Advances in Power System Control, Operation & Management (APSCOM 2015), (2015) 1-6.
[13] S.P. Karthikeyan, I.J. Raglend, and D.P. Kothari., A review on market power in deregulated electricity market, Int. J. Electr. Power Energy Syst., 48 (2013) 139-147.
[14] (2020) Independent Electricity System Operator (IESO) website. [Online]. Available: http://www.ieso.ca/
[15] E. Ela, V. Gevorgian, A. Tuohy, B. Kirby, M. Milligan and M. O`Malley., Market Designs for the Primary Frequency Response Ancillary Service—Part I: Motivation and Design, in IEEE Transactions on Power Systems, 29(1) (2014) 421-431.
[16] Sandia National Laboratories., DOE/EPRI 2013 Electricity Storage Handbook in Collaboration with NRECA, Sandia Report SAND2013-5131, Albuquerque (NM) and Livermore (CA), United States, (2013) 340.
[17] ES-Select Documentation and User`s Manual, [Online]. Available: https://www.sandia.gov/ess-ssl/ESSelectUpdates/ES-Select Documentation and User Manual-VER 2-2013.pdf. (2012).
[18] K. Mongird, V.V. Viswanathan, P.J. Balducci, M.J.E. Alam, V. Fotedar, V.S. Koritarov, and B. Hadjerioua., Energy Storage Technology and Cost Characterization Report, (2019).
[19] IRENA., Electricity Storage and Renewables: Costs and Markets to 2030, International Renewable Energy Agency, Abu Dhabi, (2017).
[20] Energy Storage Computational Tool. [Online]. Available: https://www.smartgrid.gov/recovery_act/analytical_approach/ener gy_storage_computational_tool.html.
[21] R. Christensen., Na-S Battery, in Technology Data for Energy storage: Danish Energy Agency, (2018) 129-146.