Potential Revenue from Electrical Energy Storage in ERCOT: The Impact of Location and Recent Trends
IEEE Power & Energy Society General Meeting (Online)
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IEEE Power & Energy Society General Meeting (Online)
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IEEE Power and Energy Society General Meeting
This paper outlines the calculations required to estimate the maximum potential revenue from participation in arbitrage and regulation in day-ahead markets using linear programming. Then, we use historical Electricity Reliability Council of Texas (ERCOT) data from 2011-2013 to evaluate the maximum potential revenue from a hypothetical 32 MWh, 8 MW system. We investigate the maximum potential revenue from two different scenarios: arbitrage only and arbitrage combined with regulation. This analysis was performed for each load zone over the same period to show the impact of location and to identify trends in the opportunities for energy storage. Our analysis shows that, with perfect foresight, participation in the regulation market would have produced more than twice the revenue compared to arbitrage in the ERCOT market in 2011-2013. Over the last three years, there has been a significant decrease in the potential revenue for an energy storage system. We also quantify the impact of location on potential revenue.
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International Journal of Renewable Energy Research (IJRER)
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The American Recovery and Reinvestment Act (ARRA) of 2009 (Recovery Act) provided funding for 16 energy storage demonstration projects. The projects ranged in scope from feasibility studies and technology demonstrations to full-scale, operational energy storage plants. This investment had a significant positive impact on the grid-connected energy storage industry. The goal of this report is to summarize the lessons learned from the ARRA projects, and to make recommendations for future Department of Energy (DOE) investments. Information for this report primarily came from three sources: a questionnaire and interview with each project team; DOE energy storage program peer review presentations; and DOE reports required as part of the ARRA project. Some lessons learned were common to many projects. Development of standards, codes and protocols specific to energy storage systems will mitigate uncertainty over code compliance, streamline permitting, and should be a priority (especially related to safety). Removal of regulatory barriers that preclude optimal operation of an energy storage system with multiple applications would immediately enable further deployment (e.g., FERC standards preclude the marketing department from reliability activities). Maturity of the approach to monetization varies substantially between applications with frequency regulation as an ancillary service leading other applications. Finally, developers focused on ramp mitigation and time shifting envision a reference plant. This reference plant would scale up from the current demonstration systems and would lead to the deployment of 50 MW-scale peaker plants.
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Low signal-to-noise data processing algorithms for improved detection, tracking, discrimination and situational threat assessment are a key research challenge. As sensor technologies progress, the number of pixels will increase significantly. This will result in increased resolution, which could improve object discrimination, but unfortunately, will also result in a significant increase in the number of potential targets to track. Many tracking techniques, like multi-hypothesis trackers, suffer from a combinatorial explosion as the number of potential targets increase. As the resolution increases, the phenomenology applied towards detection algorithms also changes. For low resolution sensors, "blob" tracking is the norm. For higher resolution data, additional information may be employed in the detection and classification steps. The most challenging scenarios are those where the targets cannot be fully resolved, yet must be tracked and distinguished for neighboring closely spaced objects. Tracking vehicles in an urban environment is an example of such a challenging scenario. This report evaluates several potential tracking algorithms for large-scale tracking in an urban environment.
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IEEE Power and Energy Society General Meeting
Electromechanical oscillations often limit transmission capacity in the western North American Power System (termed the wNAPS). Recent research and development has focused on employing large-scale damping controls via wide-area feedback. Such an approach is made possible by the recent installation of a wide-area real-time measurement system based upon Phasor Measurement Unit (PMU) technology. One potential large-scale damping approach is based on energy storage devices. Such an approach has considerable promise for damping oscillations. This paper considers the placement of such devices within the wNAPS system. We explore combining energy storage devices with HVDC modulation of the Pacific DC Intertie (PDCI). We include eigenanalysis of a reduced-order wNAPS system, detailed analysis of a basic two-area dynamic system, and full-order transient simulations. We conclude that the optimal energy storage location is in the area with the lower inertia.
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IEEE Power and Energy Society General Meeting
Inter-area oscillations are one of the factors that limit transmission capacity in large interconnected systems. In this paper we investigate the effects of increasing wind generation on inter-area modes and propose the use of additional control schemes for wind plants for mitigation of inter-area oscillations. Control schemes include droop control and inertial emulation, which are originally aimed at improving transient stability. The sensitivities of inter-area modes to droop control and inertial emulation gains are identified. Implementation of suggested controls schemes via collocated energy storage devices is also explored. © 2013 IEEE.
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