76 research outputs found

    Optimal Regulation Response of Batteries Under Cycle Aging Mechanisms

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    When providing frequency regulation in a pay-for-performance market, batteries need to carefully balance the trade-off between following regulation signals and their degradation costs in real-time. Existing battery control strategies either do not consider mismatch penalties in pay-for-performance markets, or cannot accurately account for battery cycle aging mechanism during operation. This paper derives an online control policy that minimizes a battery owner's operating cost for providing frequency regulation in a pay-for-performance market. The proposed policy considers an accurate electrochemical battery cycle aging model, and is applicable to most types of battery cells. It has a threshold structure, and achieves near-optimal performance with respect to an offline controller that has complete future information. We explicitly characterize this gap and show it is independent of the duration of operation. Simulation results with both synthetic and real regulation traces are conducted to illustrate the theoretical results

    Factoring the Cycle Aging Cost of Batteries Participating in Electricity Markets

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    When participating in electricity markets, owners of battery energy storage systems must bid in such a way that their revenues will at least cover their true cost of operation. Since cycle aging of battery cells represents a substantial part of this operating cost, the cost of battery degradation must be factored in these bids. However, existing models of battery degradation either do not fit market clearing software or do not reflect the actual battery aging mechanism. In this paper we model battery cycle aging using a piecewise linear cost function, an approach that provides a close approximation of the cycle aging mechanism of electrochemical batteries and can be incorporated easily into existing market dispatch programs. By defining the marginal aging cost of each battery cycle, we can assess the actual operating profitability of batteries. A case study demonstrates the effectiveness of the proposed model in maximizing the operating profit of a battery energy storage system taking part in the ISO New England energy and reserve markets
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