NDLI: Financial assessment of battery energy storage systems for frequency regulation service

Content Provider	IEEE Xplore Digital Library
Author	Avendano-Mora, M. Camm, E.H.
Copyright Year	2015
Description	Author affiliation: Consulting & Anal. Services, S&C Electr. Co., Chicago, IL, USA (Avendano-Mora, M.; Camm, E.H.)
Abstract	This paper presents a summary of the expected financial performance of battery storage systems providing market-based frequency regulation service for a regional transmission organization. The potential impact of system characteristics and market structure on the profitability of the project is also evaluated. The Discounted Cash Flow analysis was used to determine the benefit-cost ratio, net present value, internal rate of return, and payback period of energy storage projects. The results of this study indicate that larger systems (greater than 5 MW) with fewer battery replacements (up to 2) are expected to have the best financial performance. The findings of this paper add to a growing body of literature on financial analysis of utility-scale energy storage projects.
Starting Page	1
Ending Page	5
File Size	761361
Page Count	5
File Format	PDF
ISBN	9781467380409
DOI	10.1109/PESGM.2015.7286504
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2015-07-26
Publisher Place	USA
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Batteries Frequency control Investment Measurement Profitability Electric potential frequency regulation batteries cost benefit analysis energy storage net present value
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
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