NDLI: Economic analysis of wind plant and battery storage operation using supply chain management techniques

Content Provider	IEEE Xplore Digital Library
Author	Saran, P. Goentzel, J. Siegert, C.W.
Copyright Year	2010
Description	Author affiliation: Massachusetts Institute of Technology, Cambridge, 02142 USA (Saran, P.; Siegert, C.W.) \|\| Logistics Program at Massachusetts Institute of Technology, Cambridge, 02142 USA (Goentzel, J.)
Abstract	Wind energy is the fastest growing energy source in the world. However, due to the inherent issues of intermittency and remoteness the need to complement wind energy with storage is well-recognized. Pumped Hydro Electric Storage units are the established and most widely studied application. Other technologies like flow (ZnBr) and NaS batteries are emerging but are still not considered economically viable. We assess the profitability of a wind plant plus battery storage system from a supply chain perspective. This includes network design decisions (like facility location, market allocation, supply allocation and capacity allocation) and daily operating policies (to manage the inventory of stored energy). We use a Monte-Carlo simulation model that creates realistic conditions for wind plant output, market prices, storage costs and technical characteristics to calculate profits. Our results show significant improvement in profits for certain decisions and also provide target costs and payback period for storage technologies.
Starting Page	1
Ending Page	8
File Size	732244
Page Count	8
File Format	PDF
ISBN	9781424465491
ISSN	19449925
e-ISBN	9781424465514
e-ISBN	9781424483570
DOI	10.1109/PES.2010.5589581
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2010-07-25
Publisher Place	USA
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Batteries Electricity Real time systems Resource management Discharges Profitability Supply chain Wind energy Battery storage plants Real time market Day ahead market Monte Carlo simulation
Content Type	Text
Resource Type	Article

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1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
5	Website/Portal (Helpdesk)	Queries regarding NDLI and its services	support@ndl.gov.in
6	Contents and Copyright Issues	Queries related to content curation and copyright issues	content@ndl.gov.in
7	National Digital Library of India Club (NDLI Club)	Queries related to NDLI Club formation, support, user awareness program, seminar/symposium, collaboration, social media, promotion, and outreach	clubsupport@ndl.gov.in
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9	IDR Setup or Support	Queries related to establishment and support of Institutional Digital Repository (IDR) and IDR workshops	idr@ndl.gov.in

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