Assessment of the Impact of a Battery Energy Storage System on the Scheduling and Operation of the Insular Power System of Crete Stylianos I. Vagropoulos, Christos K. Simoglou, Anastasios G. Bakirtzis, Emmanouil J. Thalassinakis and Antiopi Gigantidou 1 Abstract- This paper examines the impact that the installation of battery energy storage systems (BESSs) has on the daily scheduling and operation of the insular power system of Crete. An optimization model for the integration of BESS in the dayahead unit commitment problem of isolated power systems is developed and annual simulations are carried out for BESSs of different dimensioning regarding power, capacity and efficiency. Simulation results for load leveling and reserve provision from BESS are presented and thoroughly discussed. Psdch,min ηsch Minimum discharging power of BESS unit s in discharging mode, in MW Maximum discharging power of BESS unit s in discharging mode, in MW Charging efficiency of BESS unit s, in p.u ηsdch Discharging efficiency of BESS unit s, in p.u Index Terms—Battery energy storage system, insular power system, load leveling, redox flow battery, reserve provision Esfin I. NOMENCLATURE A. Sets and Indices i ∈I Index (set) of conventional thermal units s∈S Index (set) of BESS units t ∈T Index (set) of hourly time intervals m ∈ M Index (set) of reserve type, where m=1±: primary up(+)/down(-), m=2±: secondary up(+)/down(-), m=3S: tertiary spinning, and m=3NS: tertiary nonspinning reserve Rsm C(mi/ s )t Minimum energy storage level of BESS unit s at the end of the scheduling horizon, in MWh Maximum contribution of BESS unit s in reserve type m, in MW Additional cost for the procurement of reserve Dt type m from thermal unit i (/BESS unit s) in time interval t, in €/MWh System load in time interval t, in MW B. Parameters Esini Initial energy storage level of BESS unit s, in MWh max Es Maximum energy storage capacity of BESS unit s, in MWh Esmin Minimum energy storage capacity of BESS unit s, in MWh Psch,min Minimum charging power of BESS unit s in charging mode, in MW ch ,max Ps Maximum charging power of BESS unit s in charging mode, in MW Psdch,max RESt TC C. Variables Est Energy storage level of BESS unit s in time interval t, in MWh pit Power output of unit i in time interval t, in MW pstdch pstch r(mi/ s )t ustch 1 This work was supported by the EU Seventh Framework Programme FP7/2007-2013 under grant agreement no. 309048 (Project SiNGULAR) and the State Scholarships Foundation of Greece in the context of the “IKY Fellowships of Excellence for Postgraduate studies in Greece – Siemens Program”. Stylianos I. Vagropoulos, Christos K. Simoglou and Anastasios G. Bakirtzis are with the Department of Electrical & Computer Engineering, Aristotle University of Thessaloniki, 54124, Thessaloniki, GREECE (e-mail, [email protected], [email protected], [email protected]). Emmanouil J. Thalassinakis and Antiopi Gigantidou are with the Hellenic Electricity Distribution Network Operator S.A. (HEDNO), Iraklion, Crete, Greece (e-mail: [email protected], [email protected]). ,((( Aggregated total renewable energy production (wind and photovoltaic) in time interval t, in MW Total production cost of thermal units, including variable, no-load, start-up and shut-down cost, in € ustdch ust3 NS Discharging power of BESS unit s in discharging mode in time interval t, in MW Charging power of BESS unit s in charging mode in time interval t, in MW Contribution of thermal unit i (BESS unit s) in reserve type m during time interval t, in MW Binary variable that is equal to 1 if storage unit s is in charging mode during time interval t Binary variable that is equal to 1 if storage unit s is in discharging mode during time interval t Binary variable that is equal to 1 if storage unit s provides tertiary non-spinning reserve during time interval t. II. INTRODUCTION Electrical Energy Storage Systems (EESSs) stand as key elements for promoting the integration of renewable energy in power systems and securing power system operation by effectively balancing supply with demand. Focusing on insular power systems, where frequency regulation and reliable operation is a challenging task, the large Renewable Energy Sources (RES) share in the generation mix causes frequent thermal generator cycling, necessary to account for the variability and unpredictability of RES production. Therefore, Battery Energy Storage Systems (BESSs), which are very flexible assets, can be considered as a candidate solution for both minimizing system operational cost through load levelling and increasing reliable system operation through their ability to alter quickly between charging and discharging state and rate. In a broader sense, EESSs will enable the Smart Grid concept to become a reality. Although most of currently operational EESSs are hydro storage facilities, an intensive ongoing research on these systems is carried out focusing on new technologies and their market potential [1], [2]. However, most of the emerging storage technologies (i.e. advanced batteries, superconducting Magnetic Energy Storage (SMES)) are still in demonstration phase. Anticipated improvements in the cost and commercial availability of energy storage technologies could accelerate the storage integration in the future power systems. The BESS technology under investigation is the flow battery that is considered as a suitable storage system for large-scale applications [3]-[4]. The philosophy of the flow battery is reversible from the conventional batteries (i.e. leadacid, li-ion, etc.). Two different aqueous electrolytic solutions are contained in separate tanks. During the normal operation of the battery, these aqueous solutions are pumped through the electrochemical cell where the reactions occur. During the charging process, the first electrolyte is oxidized at the anode, while the second electrolyte is reduced at the cathode. The discharging cycle consists of the reverse process. A deeper insight on the redox flow battery technology can be found in [3]-[6]. One of the major advantages of flow batteries is that their energy capacity is easily scalable since it depends on the volume of the stored electrolyte and, therefore, energy and power capacity are independent each other. In addition, they are able to become fully discharged without any damage and they present a very low self-discharge rate. Generally, they are systems with a long life and low maintenance and able to store energy over long periods of time [3]. There are few studies that focus on storage integration in isolated or insular power systems. In [7] an economic assessment of EESS that provide primary reserve and peakshaving in two isolated Spanish power systems is carried out and the savings are determined. The authors assess the economic benefit that can be achieved by employing EESSs in the primary frequency regulation reserve and peak-shaving generation in two small isolated Spanish power systems (Grand Canaria and La Gomera) by developing an optimization model of the weekly economic operation. They conclude that the EESS could be an economic alternative to scheduling spare generation capacity in the on-line units and the installation in La Gomera island could yield to an internal rate of return of 8%. In [8] the unit commitment (UC) problem for the isolated system of Taipower is solved based on the concept of load-frequency sensitivity index and the results are compared with the Lagrangian relaxation-based approach and the current Taipower operation practice. According to that practice the regulating reserve is supplied by synchronized pumped-storage units, the 10min spinning reserve is provided by non-synchronized pumped-storage units and the 30-min operating reserve is provided by nonsynchronized combined cycle units. Finally, in [9] a study on the insular power system of Cyprus dictates that, although the day-ahead scheduling does not encounter any significant problem, without a proper revision of the current reserve policies the system will not be able to facilitate wind power integration without high levels of real-time wind curtailment or load shedding. Changes in system’s flexibility along with the impact that the fuel switch from gasoil to natural gas may have on the system flexibility and costs are presented. The contribution of this paper is the evaluation of the impact that the integration of BESS has on the operation of the real-world insular power system of Crete, Greece, which is characterized by high production cost and high RES share in the generation mix, based on the real operational data of the year 2013. In this study, BESS contributes both in load leveling and reserve provision. The rest of the paper is organized as follows. In Section III a description of the operating framework and the mathematical modeling is presented. In Section IV the examined case study along with the obtained results are presented and discussed. Finally, conclusions are summarized in Section VI. III. OPERATING FRAMEWORK AND MATHEMATICAL MODELING In the non-interconnected Greek islands, there is no wholesale electricity market established. However, the operation of these systems should be managed according to the recently enacted regulatory framework for the Greek noninterconnected (insular) power systems [10]. In this work, storage units are considered to be centrally managed by the System Operator (SO). In addition, storage units are considered to operate with zero variable cost, thus being assigned a dispatch priority by the SO with respect to the conventional thermal units. The SO is aware of the technical/operational constraints of the BESS and schedules the appropriate charging and discharging programs. BESS units are also considered to provide secondary and tertiary reserves. The proposed mathematical model is formulated as a Mixed Integer Linear Programming (MILP) problem. In this context, the objective function to be optimized is as follows: § · ° Min ®TC + ¦ ¦ ¨ ¦ Citm ⋅ ritm ¸ + ¦ °¯ t∈T i∈I © m∈M ¹ t∈T · °½ Cstm ⋅ rstm ¸ ¾ (1) s∈S © m∈M ¹ °¿ § ¦¨ ¦ Subject to the following constraints: pit ∈ Wit ∀i ∈ I , t ∈ T ¦ pit + ¦ i∈I s∈S (2) pstdch = ( Dt − RESt ) + ¦ pstch s∈S ∀t ∈ T (3) Psch,min ⋅ ustch ≤ pstch ≤ Pstch,max ⋅ ustch ∀t ∈ T , s ∈ S (4) Psdch,min ∀t ∈ T , s ∈ S (5) ⋅ ustdch ≤ pstdch ≤ Psdch,max ⋅ ustdch Est = Es (t −1) + pstchη sch − pstdch / η sdch ∀t ∈ T , s ∈ S (6) Esmin ≤ Est ≤ Esmax ∀t ∈ T , s ∈ S (7) ustch + ustdch ≤ 1 ∀t ∈ T , s ∈ S (8) Es (t =T fin ) ≥ Esfin ∀s ∈ S (9) pstdch − pstch − rst1− − rst2 − ≥ − Psch ,max ∀ s ∈ S,t ∈T pstdch − pstch + rst1+ + rst2+ + rst3S ≤ Psdch,max ∀s ∈ S , t ∈ T (10) (11) 0 ≤ rst1+ ≤ Rs1+ ∀s ∈ S, t ∈ T (12) 0 ≤ rst1− ≤ R1s − ∀s ∈ S, t ∈ T (13) 0 ≤ rst2+ ≤ Rs2+ ∀ s ∈ S, t ∈ T (14) 0 ≤ rst2− ≤ Rs2− ∀s ∈ S , t ∈ T (15) 0 ≤ rst3S ≤ Rs3S ∀s ∈ S, t ∈ T (16) rst3 NS ≤ Rs3 NS ⋅ ust3 NS ∀s ∈ S, t ∈ T (17) ust3 NS ≤ 1 − ustch − ustdch ∀s ∈ S, t ∈ T (18) The objective of the model (1) is to minimize the total production cost of all conventional units, including the reserves provision cost of both thermal units and BESS. Constraints (2) represent a block of equations referring to the unit power output limits, ramp rates as well as the minimum-up/down times and unit commitment processes taking into account the different unit operating phases, namely synchronization, soak, dispatchable and desynchronization. It should be noted that three different (i.e. hot, warm, cold) start-up types are modelled depending on the unit’s prior reservation time. The aforementioned constraints have been analytically explained in [11]. Power balance equation is described in (3), where thermal and BESS units supply the net load (i.e. system load minus aggregated RES generation) of the island in each time interval. Constraints (4) and (5) define the associated energy charging and discharging limits of the BESS unit. For each scheduling day, the SO is aware of the available energy of the BESS at the beginning of the scheduling horizon, Evini . The stored energy level of the BESS is calculated in (6), which increases when BESS charges and decreases when BESS discharges, with the appropriate efficiencies, ηvch and ηvdch , respectively. In (7), the energy storage level is bounded between the upper and lower level. Constraints (8) ensure that the BESS cannot charge and discharge simultaneously and constraints (9) define the minimum stored energy at the end of the scheduling horizon. Constraints (10)-(18) enforce the power output and reserve constraints for the storage unit. These constraints are simplified as compared to those of the conventional units because storage assets are considered to react very fast (no ramp rates are included). During charging or discharging operation the storage unit can contribute to all types of reserves ( rst1+ , rst1− , rst2 + , rst2 − , rst3S ) exploiting the ability for fast change between the two operational states (charging/discharging). Reserve provision for both operational states is constrained by (10) and (11) and is graphically illustrated in Fig. 1. The combination of (17) and (18) ensures that the BESS unit may provide tertiary nonspinning reserve ( rst3NS ) only when it is set to idle (no charging or discharging). Fig. 1 An example of reserve provision capability constrained by charging and discharging BESS rate. IV. CASE STUDY AND RESULTS The above model was tested in the insular power system of Crete, Greece, for the year 2013. The generation mix of the island includes 26 conventional thermal units with exclusive use of diesel and heavy fuel oil and a high share of RES, including photovoltaic (PV) and wind parks. The generation mix is presented in Table I. In Fig. 2 the annual electricity consumption time series is presented. The peak system load for 2013 was 579 MW. The hourly reserve requirements were deterministically set equal to 20MW for secondary and 30 MW for tertiary reserve, for each time interval. The BESS can supply at most 10MW of secondary reserve in all cases, whereas tertiary reserve is constrained by the maximum discharging power of BESS, Psdch,max , of each case (Table II). The remaining 10MW of secondary reserve are supplied by the CCGT unit, which remains always online to alleviate voltage stability issues in the west side of the island where the CCGT unit is located. Batteries are prioritized to participate in reserve provision whenever possible to avoid extra wear and tear of the conventional thermal units. To achieve that, the cost for reserve provision is set to zero for batteries, while each MW from thermal units is considered to be charged with 0.05 €/MW. Consecutive daily simulations of hourly granularity are carried out for the whole year 2013. Eighteen (18) scenarios were created combining different values for the following parameters (see Table II): • BESS power level, equal to 16 MW, 32 MW or 48 MW. • BESS capacity level, expressed by the number of hours that the BESS is capable of discharging at rated (maximum) discharging power. Capacity levels of 3 hours, 6 hours or 9 hours were considered. • BESS efficiency, equal to 65% or 85%. It is noted that the aforementioned 18 scenarios were compared with the current status, where no BESS is considered and the Crete power system comprises only thermal and RES units (Base case). For each scenario, Esini for the first day is set equal to 50% of Esmax , Esmin is set to 10% of Esmax , Psch,min = Psdch,min = 0 , and Esfin is set equal to Esmin . TABLE I GENERATION MIX OF CRETE Capacity (MW) 196 142 110 299 184 94 1025 Fuel Heavy fuel oil Heavy fuel oil Diesel Diesel - Cost Reduction (€) Technology Steam ICE CCGT OCGT Wind PV Total 600 Consumption (MW) The total annual cost of the thermal production (in the case of no BESS integration) is equal to 244,858,830 €. However, taking into account that RES production (PV and wind) is compensated on the basis of fixed Feed-in-Tariffs (FiT), the final total production cost to be undertaken by the consumers increases significantly. The total RES FiT compensation is equal to 106,395,725 €, which is due either batteries are included in the case study or not. In Fig. 3 the cost reduction due to the BESS integration in the power system operation with respect to the base case (no BESS considered) is presented both in absolute values (€) and as a percentage. Useful results are derived regarding the economic impact of BESS integration. For the same power level, increasing the capacity of the battery leaves the cost reduction with respect to the base case unaffected. The only exception is identified for the larger battery scenario (i.e. 46 MW and 85% efficiency) where the BESS capacity increase from 3 to 6 hours brings on a noticeable cost reduction. That means that the storage value for load levelling is exhausted even with few hours of storage capability, and, therefore, large capacity systems, which increase the installation cost noticeably, are not valuable. Moreover, Fig. 3 shows that for a given capacity, the power level increase generally leads to a slightly greater cost reduction. Finally, the intuitive result that greater efficiency leads to higher cost reduction is verified. 500 400 9,000,000 3.50% 8,000,000 3.00% 7,000,000 2.50% 6,000,000 5,000,000 2.00% 4,000,000 1.50% 3,000,000 1.00% 2,000,000 0.50% 1,000,000 0.00% 0 300 x3 x6 x9 x3 x6 x9 x3 x6 x9 x3 x6 x9 x3 x6 x9 x3 x6 x9 200 16 MW 32 MW 48 MW 16 MW Ș=0.65 100 32 MW 46 MW Ș=0.85 Scenarios 1 382 763 1144 1525 1906 2287 2668 3049 3430 3811 4192 4573 4954 5335 5716 6097 6478 6859 7240 7621 8002 8383 0 Hour of the Year (h) Fig. 2 Annual electricity consumption time series of the insular power system of Crete for the year 2013. TABLE II BATTERIES SCENARIOS PARAMETERS Scenarios Both for 65% and 85% overall efficiency Psch (/ dch ),max Esmax Rs2 + (/ −) Rs3S (/3 NS ) (MW) 16 16 16 32 32 32 48 48 48 (MWh) (h) 48 (x3) 96 (x6) 144 (x9) 96 (x3) 192 (x6) 288 (x9) 144 (x3) 288 (x6) 432 (x9) (MW) 10 10 10 10 10 10 10 10 10 (MW) 16 16 16 32 32 32 48 48 48 Fig. 3 Annual generation cost reduction per scenario with respect to the Base case. Fig. 4 and Fig. 5 illustrate the day-ahead scheduling of the system for the peak-load day of the year. In Fig. 4, results with no BESS are presented, while in Fig. 5 results including BESS operation (48 MW, 3 hours, 85%) are presented. The BESS discharges at peak-load hours (where highest marginal production cost is observed), while charging takes place during the morning valley hours (where lowest marginal production cost takes place). The BESS charges using electric energy provided by low-cost unit technologies (i.e. ICE and steam units) and discharges to substitute the expensive production of OCGT units. In fact, due to the non-perfect charging/discharging cycle efficiency, the aggregated daily generation of thermal units increases (as compared to the case without BESS), but the shift from high-cost to low-cost production leads to more economic operation of the system. Another positive impact of the BESS integration is that the CCGT units are allowed to decrease their power output level by 10 MW, which are now mainly supplied by the BESS and thus, more flexibility in the CCGT unit dispatching is Power (MW) 500 400 300 200 25 20 15 10 5 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 Hours (h) R3S steam R3S ICE R3S CCGT R3S OCGT R3NS OCGT Fig. 7 Peak day, Base Case (no BESS, thermal system only), tertiary reserve provision from the thermal system 30 Tertiary Reserve (MW) 600 30 Tertiary Reserve (MW) granted. This is also noticeable in Fig. 6, where the hourly contribution of CCGT and BESS units in secondary reserve is presented for the same day and scenario. In the base case CCGT unit contributes 20 MW to secondary reserve, while in the scenario shown in Fig. 6, 10 MW for secondary up and down reserve are provided by BESS. However, when BESS operates in discharging mode, its ability to contribute to secondary up reserve diminishes (see Fig. 1) and the CCGT unit increases the secondary up reserve provision. Similar results for tertiary reserve contribution are also presented in Fig. 7 and Fig. 8. When the BESS operation is considered, tertiary reserve provision from thermal units decreases drastically and is substituted by the BESS. However, when BESS discharges, the related margins for tertiary reserve provision are also diminished (see Fig. 1). 25 20 15 10 5 100 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 0 Hours (h) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 R3(N)S BESS Hours (h) Steam ICE CCGT OCGT Wind PV Consumption Fig. 4 Peak-day production mix, Base Case (no BESS, thermal system only) 600 Power (MW) 500 400 300 200 100 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 Hours (h) Steam Wind ICE PV CCGT BESS Discharge OCGT Consumption Fig. 5 Peak-day production mix, BESS: 48 MW, 3 hours, 85%. Secondary Reserve (MW) 40 35 30 25 20 15 10 5 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 Hours (h) R2dn CCGT R2dn BESS R2up BESS R2up CCGT Fig. 6 Peak day, secondary reserve provision from BESS and CCGT, BESS: 48 MW, 3 hours, 85%. R3S Steam R3S OCGT Fig. 8 Peak day, BESS: 48 MW, 3 hours, 85%, tertiary reserve provision from BESS and the thermal system, As already mentioned, the charging of the BESS increases the production of low-cost units, while its discharging substitutes the production of more expensive thermal units. The annual generation increase for the low-cost generation technologies (i.e. steam and ICE) is presented in Fig. 9, while the reduction of the annual energy production for the CCGT and OCGT units for all scenarios is presented in Fig. 10 and Fig. 11, respectively. By comparing the three figures, it is obvious that the larger the BESS system is, the larger the energy production shift from expensive to low-cost generation technology is. The energy production increase of steam units is relatively constant for all scenarios, whereas for large BESS systems the larger share of charging energy originates from ICE units (which on an annual basis substitutes the energy production of CCGT and OCGT units, see Fig. 10 and Fig. 11). The larger reduction of CCGT production is not only due to the BESS discharge but also due to the fact that the BESS integration substitutes in part the provision of secondary down reserve by the CCGT unit, and therefore, allows the operation of the CCGT unit in lower power output levels. Finally, the OCGT production decreases noticeably, especially in larger BESS scenarios, that reduction reaches 27%. Finally, in Fig. 12 annual secondary reserve contribution of BESS (in MW-h) is presented. Whichever the scenario is, BESS provides always the maximum capacity for down reserve (10 MW). However, provision of up reserve is scenario dependent on the BESS efficiency. For low efficiencies, BESS participates less at load levelling and remains in idle situation for more hours. In idle situation reserve margins are greater and reserve provision is prioritized against thermal units, as explained above. The same behaviour is also valid for tertiary reserve provision. 9.00% Annual Energy Increase (MWh) 80000 70000 Steam 8.00% ICE 7.00% 60000 6.00% 50000 5.00% 40000 3.00% 20000 2.00% 10000 1.00% 0 0.00% x3 x6 x9 x3 x6 x9 x3 x6 x9 x3 x6 x9 x3 x6 x9 x3 x6 x9 16 MW 32 MW 48 MW Ș=0.65 16 MW 32 MW 46 MW Ș=0.85 Scenarios Annual Energy Increase (MWh) Fig. 9 Annual energy increase of steam and ICE units production -70000 -12.00% -12.50% -75000 -13.00% -80000 -13.50% -14.00% -85000 In this paper the impact that the integration of a BESS has on the day-ahead scheduling and operation of the real-world insular power system of Crete were examined. Test results showed that the BESS operation reduces the generation cost by shifting energy production from expensive to low-cost generating units. In addition, the BESS contributes to system reserves and this operation offers more flexibility in thermal units dispatching. Finally, the BESS efficiency is an important parameter that determines whether the BESS participates more in load levelling or reserve contribution. The economic viability of such BESS investments will be the scope of our future work. -14.50% -90000 REFERENCES -15.00% -15.50% -95000 -16.00% -100000 -16.50% x3 x6 x9 x3 x6 x9 x3 x6 x9 x3 x6 x9 x3 x6 x9 x3 x6 x9 16 MW 32 MW 48 MW 16 MW Ș=0.65 32 MW 46 MW Ș=0.85 Scenarios Fig. 10 Annual energy decrease of CCGT units production Annual Energy Increase (MWh) V. CONCLUSIONS 4.00% 30000 0 0.00% -1000 -5.00% -2000 -3000 -10.00% -4000 -5000 -15.00% -6000 -20.00% -7000 -8000 -25.00% -9000 -10000 -30.00% x3 x6 x9 x3 x6 x9 x3 x6 x9 x3 x6 x9 x3 x6 x9 x3 x6 x9 16 MW 32 MW 48 MW Ș=0.65 16 MW 32 MW 46 MW Ș=0.85 Scenarios Fig. 11 Annual energy decrease of OCGT units production 90000 Reserve Provision (MW-h) The proposed models were implemented in GAMS version 24.0.2 along with CPLEX solver version 12.5 [12]. All tests were performed on a 3.2 GHz Intel Core i7 processor with 64 GB of RAM, running 64-bit Windows. The typical execution time for a single run of the algorithm (one day) varied between 3 and 10 seconds while the optimality gap was set to 0.01%. R2up 88000 R2dn 86000 84000 82000 80000 78000 76000 74000 x3 x6 x9 x3 x6 x9 x3 x6 x9 x3 x6 x9 x3 x6 x9 x3 x6 x9 16 MW 32 MW Ș=0.65 48 MW 16 MW Scenarios 32 MW 46 MW Ș=0.85 Fig. 12 Annual secondary up and down reserve provision from BESS [1] A. A. Akhil, G. Huff, A. B. Currier, B. C. Kaun, D. M. Rastler, S. B. Chen, A. L. Cotter, D. T. Bradshaw, and W. D. Gauntlett, "DOE/EPRI 2013 electricity storage handbook in collaboration with NRECA." Report SAND2013-5131, Sandia National Laboratories, 2013. [2] J. Eyer, and C. Garth, "Energy storage for the electricity grid: Benefits and market potential assessment guide," Sandia National Laboratories Report, SAND2010-0815, Albuquerque, New Mexico, 2010. [3] F. D.-Gonzalez, A. Sumper, O. G.-Bellmunt and R. V.-Robles, “A review of energy storage technologies for wind power applications,” Renewable and Sustainable Energy Reviews, vol. 16, pp. 2154-2171, 2012. [4] EPRI, “Vanadium redox flow batteries, an in-depth analysis,” Technical Update, Mar. 2007. [5] C. P. de Leon, A. F.-Ferrer, J. G-Garcia, D.A. Szanto and F. C. Walsh, “Redox flow cells for energy conversion,” Journal of Power Sources, vol. 160, pp. 716-732, 2006. [6] C. Blanc, “Modeling of a vanadium redox flow battery electricity storage system, M.Sc. Thesis, EPFL, 2009. [7] L. Sigrist, E. Lobato and L. Rouco, “Energy storage systems proving primary reserve and peak shaving in small isolated power systems: An economic assessment,” International Journal of Electrical Power & Energy Systems, vol. 53, pp 675-683, Dec. 2013. [8] G. W. Chang, C.-S Chaung, T.-Ken Lu and C.-C. Wu, “Frequencyregulating reserve constrained unit commitment for an isolated power system,” IEEE Trans. on Power Systems, vol. 28, no. 2, May 2013. [9] K. De Vos, A. G. Petoussis, J. Driesen and R. Belmans, “Revision of reserve requirements following wind power integration in island power systems,” Renewable Energy, vol. 50, pp. 268-279, 2013. [10] Greek Regulatory Authority for Energy: “Greek network code for the non-interconnected islands”, 2014, Available online (in Greek): http://www.rae.gr/site/file/categories_new/about_rae/actions/decision/2 014/2014_A0039?p=files&i=0. [11] Christos K. Simoglou, Pandelis N. Biskas, and Anastasios G. Bakirtzis: “Optimal self-scheduling of a thermal producer in short-term electricity markets by MILP”, IEEE Trans. on Power Systems, vol. 25, no. 4, pp. 1965-1977, Nov. 2010. [12] IBM CPLEX Optimizer. Available: http://www01.ibm.com/software/commerce/optimization/cplex-optimizer/
© Copyright 2026 Paperzz