Optimal Battery Energy Storage Dispatch in Energy and Frequency Regulation Markets While Peak Shaving an EV Fast Charging Station

Optimal Battery Energy Storage Dispatch in Energy and Frequency Regulation Markets While Peak Shaving an EV Fast Charging Station

Argiolas, Luca (Student TU Delft)
Stecca, M. (TU Delft DC systems, Energy conversion & Storage)
Ramirez Elizondo, L.M. (TU Delft DC systems, Energy conversion & Storage)
Soeiro, Thiago B. (TU Delft DC systems, Energy conversion & Storage)
Bauer, P. (TU Delft DC systems, Energy conversion & Storage)

2022

Battery Energy Storage Systems typically procure their primary revenues from regulated energy and ancillary services markets; nonetheless, they have great potential in supporting distribution network operators and their users. This paper evaluates the potential business case of battery storage systems integrating market application and services to a photovoltaic assisted electric vehicle fast-charging station. A mathematical deterministic optimization problem is formulated using mixed-integer linear programming to combine battery storage system operation in the day-ahead and frequency regulation market and the remunerated services offered to the charging station. The technical and economic feasibility of the solution and the applicability of the proposed framework is verified through a case study reflecting an existing photovoltaic assisted charging station in the Netherlands and considering the Dutch energy market framework and prices. The study shows that such battery storage system implementation is economically and technically advantageous for the players involved. The battery storage system can stack additional revenues on top of the market revenues. The charging station benefits from a reduced peak power and a 30% tariff reduction, and the system operator would indirectly benefit from the shaved charging station profile. Furthermore, the analysis shows that providing services to the charging station from the battery storage system does not significantly impact its market-related revenues.

Battery energy storage system
day ahead market
distribution network
electric vehicle
fast charging station
financial analysis
mixed integer linear programming
primary frequency regulation

http://resolver.tudelft.nl/uuid:49ac9248-8cee-4bb2-908e-03e06edfe238

https://doi.org/10.1109/OAJPE.2022.3198553

2687-7910

IEEE Open Access Journal of Power and Energy, 9, 374-385

Institutional Repository

journal article

© 2022 Luca Argiolas, M. Stecca, L.M. Ramirez Elizondo, Thiago B. Soeiro, P. Bauer