Analyis of a Potential Single and Combined Business Model for Stationary Battery Storage Systems
Publikation: Beiträge in Zeitschriften › Konferenzaufsätze in Fachzeitschriften › Forschung › begutachtet
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in: Energy Procedia, Jahrgang 99, 01.11.2016, S. 321-331.
Publikation: Beiträge in Zeitschriften › Konferenzaufsätze in Fachzeitschriften › Forschung › begutachtet
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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
N1 - Publisher Copyright: © 2016 The Authors. Published by Elsevier Ltd.
PY - 2016/11/1
Y1 - 2016/11/1
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 -