Energy Storage on a Distribution Network for Self-Consumption of Wind Energy and Market Value

Oluwasola O. Ademulegun, Patrick Keatley, Motasem Bani Mustafa and Neil J. Hewitt
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Oluwasola O. Ademulegun: Centre for Sustainable Technologies, University of Ulster, Jordanstown BT37 0QB, Northern Ireland, UK
Patrick Keatley: Centre for Sustainable Technologies, University of Ulster, Jordanstown BT37 0QB, Northern Ireland, UK
Motasem Bani Mustafa: Centre for Sustainable Technologies, University of Ulster, Jordanstown BT37 0QB, Northern Ireland, UK
Neil J. Hewitt: Centre for Sustainable Technologies, University of Ulster, Jordanstown BT37 0QB, Northern Ireland, UK

Energies, 2020, vol. 13, issue 11, 1-17

Abstract: Wind energy could be generated and captured with a storage device within the customer premises for local utilization and for the provision of various services across the electricity supply chain. To assess the benefits of adding a storage device to an electricity distribution network that has two wind turbines with a base load of 500 kW and a typical peak load under 1500 kW, a 2 MW/4 MWh storage is installed. To observe the effects of adding the storage device to the network, a technical analysis is performed using the NEPLAN 360 modelling tool while an economic analysis is carried out by estimating the likely payback period on investment. A storage potential benefit analysis suggests how changes in integration policies could affect the utility of adding the storage device. With the addition of the storage device, self-consumption of wind energy increased by almost 10%. The profitability of the project increased when the device is also deployed to provide stacked services across the electricity supply chain. Policies that permit the integration of devices into the grid could increase the profitability of storage projects.

Keywords: distributed energy resources; economics of storage; energy storage; self-consumption of wind; storage services; wind energy (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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