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Renewables firming using grid-scale battery storage in a real-time pricing market

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dc.contributor.authorQuann, Charles, author
dc.contributor.authorBradley, Thomas H., advisor
dc.contributor.authorPetro, John, committee member
dc.contributor.authorValdes-Vasquez, Rodolfo, committee member
dc.date.accessioned2017-09-14T16:04:13Z
dc.date.available2017-09-14T16:04:13Z
dc.date.issued2017
dc.description.abstractBattery storage has many benefits, such as providing instantaneous response to changes in demand, clean electricity to customers, and integration of intermittent power sources. However, at the present time battery storage has proven to be too costly for widespread implementation. While there has been research to examine the cost at which battery storage will become cost effective for particular applications, little work has been done to determine the most effective placement of battery storage for the greatest impact on the system as a whole. This research examines battery storage in a real-time pricing energy market, and compares the cost effectiveness of three different cases: (1) Battery storage owned and operated by an intermittent renewable energy generation facility, (2) Battery storage connected to the grid providing energy services, (3) Battery storage owned and operated by a manufacturing plant. Real-time pricing data from ISO New England was analyzed to determine the monetary benefits of each case on a per mega-amp-hour basis. By looking at the issue holistically, instead of analyzing isolated scenarios, the benefits of each placement can be isolated from the overall benefits of connecting storage to the grid. Once the true value of each scenario can be accurately identified, the integration of utility scale battery storage is optimized to maximize benefits to all stakeholders. The results show that the economic benefit of a battery in a real-time pricing market is not dependent on the electrical generation or consumption attached to it. Instead, a grid-connected battery makes its own business case, meaning that existing battery storage can be leveraged for arbitrage and grid services without a loss of renewables firming capabilities.
dc.format.mediumborn digital
dc.format.mediummasters theses
dc.identifierQuann_colostate_0053N_14236.pdf
dc.identifier.urihttps://hdl.handle.net/10217/183875
dc.languageEnglish
dc.language.isoeng
dc.publisherColorado State University. Libraries
dc.relation.ispartof2000-2019
dc.rightsCopyright and other restrictions may apply. User is responsible for compliance with all applicable laws. For information about copyright law, please see https://libguides.colostate.edu/copyright.
dc.subjectdistributed power generation
dc.subjectreal-time pricing
dc.subjectsolar energy
dc.subjectenergy storage
dc.subjectbattery
dc.subjectrenewable energy sources
dc.titleRenewables firming using grid-scale battery storage in a real-time pricing market
dc.typeText
dcterms.rights.dplaThis Item is protected by copyright and/or related rights (https://rightsstatements.org/vocab/InC/1.0/). You are free to use this Item in any way that is permitted by the copyright and related rights legislation that applies to your use. For other uses you need to obtain permission from the rights-holder(s).
thesis.degree.disciplineMechanical Engineering
thesis.degree.grantorColorado State University
thesis.degree.levelMasters
thesis.degree.nameMaster of Science (M.S.)

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