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Profitable multi-use of battery energy storage in outage mitigation and as frequency reserve

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Profitable multi-use of battery energy storage in outage mitigation and as frequency reserve. / Vilppo, O.; Rautiainen, A.; Rekola, J.; Markkula, J.; Vuorilehto, K.; Järventausta, P.

In: International Review of Electrical Engineering, Vol. 13, No. 3, 2018, p. 185-194.

Research output: Contribution to journalArticleScientificpeer-review

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Vilppo, O, Rautiainen, A, Rekola, J, Markkula, J, Vuorilehto, K & Järventausta, P 2018, 'Profitable multi-use of battery energy storage in outage mitigation and as frequency reserve', International Review of Electrical Engineering, vol. 13, no. 3, pp. 185-194. https://doi.org/10.15866/iree.v13i3.14196

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Vilppo, O. ; Rautiainen, A. ; Rekola, J. ; Markkula, J. ; Vuorilehto, K. ; Järventausta, P. / Profitable multi-use of battery energy storage in outage mitigation and as frequency reserve. In: International Review of Electrical Engineering. 2018 ; Vol. 13, No. 3. pp. 185-194.

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@article{02f8fe6cb39e43759e496bedc66cda1f,
title = "Profitable multi-use of battery energy storage in outage mitigation and as frequency reserve",
abstract = "Battery energy storage (BES) systems have high capital costs and low operational costs. This means that in order to introduce profitable BES applications, a high utilization rate should be achieved. The target of this study was to analyze the profitability of the BES system connected to a low voltage distribution network. The BES system is used for the power system’s frequency containment reserve (FCR-D) and to minimize customer interruption costs (CIC) according to the Finnish regulation model. Investment costs, including the required power electronic converters as well as the costs related to the lifetime decrease of the BES system during the 15-year period, are taken into account in the economic analysis. The FCR-D and CIC mitigation incomes are based on real measured data from the Finnish TSO and DSO. According to the results, the BES is a profitable investment if both FCR-D cost and CIC mitigation are used.",
keywords = "Ancillary Services, Battery Energy Storage System, Energy Storage, Frequency Regulation, Investment Calculation, Outage Costs",
author = "O. Vilppo and A. Rautiainen and J. Rekola and J. Markkula and K. Vuorilehto and P. J{\"a}rventausta",
year = "2018",
doi = "10.15866/iree.v13i3.14196",
language = "English",
volume = "13",
pages = "185--194",
journal = "International Review of Electrical Engineering: IREE",
issn = "1827-6660",
publisher = "Praise Worthy Prize",
number = "3",

}

RIS (suitable for import to EndNote) - Download

TY - JOUR

T1 - Profitable multi-use of battery energy storage in outage mitigation and as frequency reserve

AU - Vilppo, O.

AU - Rautiainen, A.

AU - Rekola, J.

AU - Markkula, J.

AU - Vuorilehto, K.

AU - Järventausta, P.

PY - 2018

Y1 - 2018

N2 - Battery energy storage (BES) systems have high capital costs and low operational costs. This means that in order to introduce profitable BES applications, a high utilization rate should be achieved. The target of this study was to analyze the profitability of the BES system connected to a low voltage distribution network. The BES system is used for the power system’s frequency containment reserve (FCR-D) and to minimize customer interruption costs (CIC) according to the Finnish regulation model. Investment costs, including the required power electronic converters as well as the costs related to the lifetime decrease of the BES system during the 15-year period, are taken into account in the economic analysis. The FCR-D and CIC mitigation incomes are based on real measured data from the Finnish TSO and DSO. According to the results, the BES is a profitable investment if both FCR-D cost and CIC mitigation are used.

AB - Battery energy storage (BES) systems have high capital costs and low operational costs. This means that in order to introduce profitable BES applications, a high utilization rate should be achieved. The target of this study was to analyze the profitability of the BES system connected to a low voltage distribution network. The BES system is used for the power system’s frequency containment reserve (FCR-D) and to minimize customer interruption costs (CIC) according to the Finnish regulation model. Investment costs, including the required power electronic converters as well as the costs related to the lifetime decrease of the BES system during the 15-year period, are taken into account in the economic analysis. The FCR-D and CIC mitigation incomes are based on real measured data from the Finnish TSO and DSO. According to the results, the BES is a profitable investment if both FCR-D cost and CIC mitigation are used.

KW - Ancillary Services

KW - Battery Energy Storage System

KW - Energy Storage

KW - Frequency Regulation

KW - Investment Calculation

KW - Outage Costs

U2 - 10.15866/iree.v13i3.14196

DO - 10.15866/iree.v13i3.14196

M3 - Article

VL - 13

SP - 185

EP - 194

JO - International Review of Electrical Engineering: IREE

JF - International Review of Electrical Engineering: IREE

SN - 1827-6660

IS - 3

ER -