Ageing and efficiency aware battery dispatch for arbitrage markets using mixed integer linear programming

• Main Authors: Hesse, Holger C., Kumtepeli, Volkan, Schimpe, Michael, Reniers, Jorn, Howey, David, Tripathi, Anshuman, Wang, Youyi, Jossen, Andreas
• Other Authors: School of Electrical and Electronic Engineering
• Format: Article
• Language: English
• Published: 2019
• Subjects: Storage; DRNTU::Engineering::Electrical and electronic engineering; Efficiency
• Online Access: https://hdl.handle.net/10356/106251; http://hdl.handle.net/10220/48911
• Institution: Nanyang Technological University

To achieve maximum profit by dispatching a battery storage system in an arbitrage operation, multiple factors must be considered. While revenue from the application is determined by the time variability of the electricity cost, the profit will be lowered by costs resulting from energy efficiency los...