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Optimal design and economicevaluation of a battery energy storage system for the maximization of theenergy generated by wind farms in isolated electric grids

Koutroulis Eftychios, Kolokotsa Dionysia, Stavrakakis Georgios

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URIhttp://purl.tuc.gr/dl/dias/7DDDD0B8-77E3-4FCA-8187-AE9F774A5D3F-
Identifierhttp://www.tuc.gr/fileadmin/users_data/elci/Koutroulis/J.12.pdf-
Identifierhttps://doi.org/10.1260/0309-524X.33.1.55-
Languageen-
Extent26en
TitleOptimal design and economic evaluation of a battery energy storage system for the maximization of the energy generated by wind farms in isolated electric gridsen
CreatorKoutroulis Eftychiosen
CreatorΚουτρουλης Ευτυχιοςel
CreatorKolokotsa Dionysiaen
CreatorΚολοκοτσα Διονυσιαel
CreatorStavrakakis Georgiosen
CreatorΣταυρακακης Γεωργιοςel
PublisherMulti-Science Publishingen
DescriptionΔημοσίευση σε επιστημονικό περιοδικό el
Content SummaryIn this paper, a methodology for the optimal sizing of a Battery Energy Storage System (BESS) targeting to supply a predefined and constant (guaranteed) amount of power to an isolated electric grid during the peak load-demand hours is presented. The BESS battery bank is charged using that part of the energy produced by wind parks interconnected with the power system, which is rejected by the electric network due to grid stability limitations. Thus, using the proposed BESS configuration results in increment of the wind energy penetration in the isolated power system and reduction of the air pollution caused by the thermal power stations. The economic viability of the optimally sized BESS configuration is investigated by calculating the investment discounted payback period and internal rate of return. The proposed method has been applied for the optimal design of a BESS supporting the isolated electric network of a remote island with significant wind potential. According to the economic analysis results, the installation of the proposed BESS is economically beneficial for both the BESS investor and the local electric network operator.en
Type of ItemPeer-Reviewed Journal Publicationen
Type of ItemΔημοσίευση σε Περιοδικό με Κριτέςel
Licensehttp://creativecommons.org/licenses/by/4.0/en
Date of Item2015-10-24-
Date of Publication2009-
SubjectBattery energy storageen
SubjectWind energyen
SubjectGenetic algorithmsen
SubjectIsolated power gridsen
Bibliographic CitationE. Koutroulis, D. Kolokotsa, G. Stavrakakis, “Optimal design and economic evaluation of a battery energy storage system for the maximization of the energy generated by wind farms in isolated electric grids”, Wind Engineering, vol. 33, no. 1, pp. 55-81, 2009. doi: 10.1260/0309-524X.33.1.55en

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