Ageing and Efficiency Aware Battery Dispatch for Arbitrage Markets Using Mixed Integer Linear Programming

Ageing and Efficiency Aware Battery Dispatch for Arbitrage Markets Using Mixed Integer Linear Programming

To achieve maximum profit by dispatching a battery storage system in an arbitrage operation, multiple factors must be considered. While revenue from the application is determined by the time variability of the electricity cost, the profit will be lowered by costs resulting from energy efficiency los...

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Bibliographic Details
Main Authors: Holger C. Hesse, Volkan Kumtepeli, Michael Schimpe, Jorn Reniers, David A. Howey, Anshuman Tripathi, Youyi Wang, Andreas Andreas Jossen
Format: Article
Language:English
Published: MDPI AG 2019-03-01
Series:Energies
Subjects:
efficiency
storage
battery ageing
arbitrage
market
optimisation
mixed-integer-linear- programming
piece-wise affine approximation
utility-scale
frequency regulation
primary control reserve
lithium-ion
Online Access:http://www.mdpi.com/1996-1073/12/6/999

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http://www.mdpi.com/1996-1073/12/6/999

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