Investments in merchant energy storage: Trading-off between energy and reserve markets

H. Pandžić, Y. Dvorkin and M. Carrión

Applied Energy, 2018, vol. 230, issue C, 277-286

Abstract: Grid-scale energy storage units are regarded as an enabler of the renewable-dominant power systems. Currently available energy storage technologies are ubiquitous, but not equally suitable for providing different grid support services. As part of their investment process, merchant energy storage investors need to ensure that their energy storage investments are well aligned with unique grid support needs of each power system and that the storage characteristics are suitable for the simultaneous provision of multiple services.

Keywords: Energy storage; Day-ahead market; Reserve market; Bilevel program (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (17)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0306261918312595
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:appene:v:230:y:2018:i:c:p:277-286

Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/journaldescription.cws_home/405891/bibliographic
http://www.elsevier. ... 405891/bibliographic

DOI: 10.1016/j.apenergy.2018.08.088

Access Statistics for this article

Applied Energy is currently edited by J. Yan

More articles in Applied Energy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().