Estimation of the benefits of frequency regulation and energy storage projects

Does energy storage provide frequency regulation?

This paper develops a three-step process to assess the resource-adequacy contribution of energy storage that provides frequency regulation. First, we use discretized stochastic dynamic optimization to derive decision policies that tradeoff between different energy-storage applications.

Why is frequency regulation important in modern power system?

In modern power system, the frequency regulation (FR) has become one of the most crucial challenges compared to conventional system because the inertia is reduced and both generation and demand are stochastic.

How does SOE affect resource-adequacy assessment?

SOE impacts resource-adequacy assessment because energy storage must have stored energy available to mitigate a loss of load. This paper develops a three-step process to assess the resource-adequacy contribution of energy storage that provides frequency regulation.

What is the multi-timescale regulation capability of a power system?

The multi-timescale regulation capability of the power system (peak and frequency regulation, etc.) is supported by flexible resources, whose capacity requirements depend on renewable energy sources and load power uncertainty characteristics.

Does es capacity enhance peak shaving and frequency regulation capacity?

However, the demand for ES capacity to enhance the peak shaving and frequency regulation capability of power systems with high penetration of RE has not been clarified at present. In this context, this study provides an approach to analyzing the ES demand capacity for peak shaving and frequency regulation.

What are the advantages of energy storage?

The unique advantages of energy storage (ES) (e.g., power transfer characteristics, fast ramp-up capability, non-pollution, etc.) make it an effective means of handling system uncertainty and enhancing system regulation [, , ].