Analyis of a Potential Single and Combined Business Model for Stationary Battery Storage Systems

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Analyis of a Potential Single and Combined Business Model for Stationary Battery Storage Systems. / Klausen, Mira; Resch, Matthias; Bühler, Jochen.

in: Energy Procedia, Jahrgang 99, 11.2016, S. 321-331.

Publikation: Beiträge in ZeitschriftenKonferenzaufsätze in FachzeitschriftenForschungbegutachtet

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@article{820b42c852764bd89080a3a1459b3ca1,
title = "Analyis of a Potential Single and Combined Business Model for Stationary Battery Storage Systems",
abstract = "With regard to a successive penetration of renewable energies and the implied need for system flexibility, stationary battery storage systems (BSS) are seen as hybrids, which can manoeuvre either on the demand or on the supply side, due to the bidirectional transformation process. In the scientific debate, the revenue side for BSS are often just titled and partially mapped for individual markets, which frequently leads to the conclusion that the investment in BSS does not pay off. Therefore, the core concept of the paper is the strategy to combine applications and their values, in order to extend the financial attractiveness. To specify and exemplify monetary value propositions (applications) and value networks (benefits) as well as the combination theory, a single and combined revenue model is examined: energy trading via day-ahead market (arbitrage) and energy trading in combination with frequency support via secondary control. The results show, that depending on the technology, the combined revenue model reduces the load factor and thus theoretically expands the BSS lifespan. Moreover, with modified market rules and individual bidder strategies there is a potential to generate higher proceeds with the combined revenue model.",
keywords = "Arbitrage, Battery storage systems, Business model, Day-ahead market, Frequency support, Optimization, Secondary control reserve, Energy research, Sustainability sciences, Management & Economics",
author = "Mira Klausen and Matthias Resch and Jochen B{\"u}hler",
year = "2016",
month = nov,
doi = "10.1016/j.egypro.2016.10.122",
language = "English",
volume = "99",
pages = "321--331",
journal = "Energy Procedia",
issn = "1876-6102",
publisher = "Elsevier B.V.",

}

RIS

TY - JOUR

T1 - Analyis of a Potential Single and Combined Business Model for Stationary Battery Storage Systems

AU - Klausen, Mira

AU - Resch, Matthias

AU - Bühler, Jochen

PY - 2016/11

Y1 - 2016/11

N2 - With regard to a successive penetration of renewable energies and the implied need for system flexibility, stationary battery storage systems (BSS) are seen as hybrids, which can manoeuvre either on the demand or on the supply side, due to the bidirectional transformation process. In the scientific debate, the revenue side for BSS are often just titled and partially mapped for individual markets, which frequently leads to the conclusion that the investment in BSS does not pay off. Therefore, the core concept of the paper is the strategy to combine applications and their values, in order to extend the financial attractiveness. To specify and exemplify monetary value propositions (applications) and value networks (benefits) as well as the combination theory, a single and combined revenue model is examined: energy trading via day-ahead market (arbitrage) and energy trading in combination with frequency support via secondary control. The results show, that depending on the technology, the combined revenue model reduces the load factor and thus theoretically expands the BSS lifespan. Moreover, with modified market rules and individual bidder strategies there is a potential to generate higher proceeds with the combined revenue model.

AB - With regard to a successive penetration of renewable energies and the implied need for system flexibility, stationary battery storage systems (BSS) are seen as hybrids, which can manoeuvre either on the demand or on the supply side, due to the bidirectional transformation process. In the scientific debate, the revenue side for BSS are often just titled and partially mapped for individual markets, which frequently leads to the conclusion that the investment in BSS does not pay off. Therefore, the core concept of the paper is the strategy to combine applications and their values, in order to extend the financial attractiveness. To specify and exemplify monetary value propositions (applications) and value networks (benefits) as well as the combination theory, a single and combined revenue model is examined: energy trading via day-ahead market (arbitrage) and energy trading in combination with frequency support via secondary control. The results show, that depending on the technology, the combined revenue model reduces the load factor and thus theoretically expands the BSS lifespan. Moreover, with modified market rules and individual bidder strategies there is a potential to generate higher proceeds with the combined revenue model.

KW - Arbitrage

KW - Battery storage systems

KW - Business model

KW - Day-ahead market

KW - Frequency support

KW - Optimization

KW - Secondary control reserve

KW - Energy research

KW - Sustainability sciences, Management & Economics

UR - http://www.scopus.com/inward/record.url?scp=85015421744&partnerID=8YFLogxK

U2 - 10.1016/j.egypro.2016.10.122

DO - 10.1016/j.egypro.2016.10.122

M3 - Conference article in journal

AN - SCOPUS:85015421744

VL - 99

SP - 321

EP - 331

JO - Energy Procedia

JF - Energy Procedia

SN - 1876-6102

ER -

DOI