Paper Info
Title
Effect of Operating Strategies on the Longevity of Lithium-ion Battery Energy Storage Systems
Abstract
Batteries are increasingly becoming a more viable form of grid-level energy storage as time progresses. Among the different types of batteries present, Li-ion batteries have particularly gained widespread popularity due to their high energy density, high efficiency and decreasing costs. This paper presents a detailed study on maximizing the monetary benefits from a Li-ion Battery Energy Storage System (BESS) for a number of applications, considering the BESS degradation process. The BESS is assumed to be participating in the energy market and is also being applied to supply critical loads when outage events occur to improve the resilience and reliability of the power system. Different operating strategies are tested and the results can be summarized into several suggestions on how to optimally operate the battery while performing energy arbitrage, enhancing system resilience and reliability, and also inhibiting the degradation of the battery.
Year
DOI
Venue
2018
10.1109/IAS.2018.8544518
2018 IEEE Industry Applications Society Annual Meeting (IAS)
Keywords
DocType
ISSN
Battery storage,degradation,energy market,reliability,resilience
Conference
0197-2618
ISBN
Citations 
PageRank 
978-1-5386-4537-6
0
0.34
References 
Authors
6
5
Name
Order
Citations
PageRank
Yuting Tian143.69
Atri Bera221.11
Joydeep Mitra36613.30
Babu Chalamala401.35
Raymond H. Byrne524.76