Techno-economic approach to optimization of large-scale battery energy storage applications at transmission level, A
Battery Energy storage system (BESS) is one of the most promising ideas to achieve this concept of shifting and smooth renewable generation to match the load demand profile. Besides load shifting, BESS can also provide a variety of applications from generation and transmission systems to distribution and end-user side, such as energy arbitrage, frequency regulation, grid stabilization, T&D deferral, etc. Out of all the ancillary services and applications, one of the most discussed revenue resources for BESS is energy arbitrage. Due to the continuous declining per unit BESS cost, the economic ...
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