Battery energy storage systems (BESSs) and the economy-dynamics of microgrids: review, analysis, and classification for standardization of BESSs applications

• Main Authors: Eskandari, Mohsen, Rajabi, Amin, Savkin, Andrey V., Moradi, Mohammad H., Dong, Zhao Yang
• Other Authors: School of Electrical and Electronic Engineering
• Format: Article
• Language: English
• Published: 2022
• Subjects: Engineering::Electrical and electronic engineering; Battery Energy Storage; Renewable Energy
• Online Access: https://hdl.handle.net/10356/163624
• Institution: Nanyang Technological University

Existing literature on microgrids (MGs) has either investigated the dynamics or economics of MG systems. Accordingly, the important impacts of battery energy storage systems (BESSs) on the economics and dynamics of MGs have been studied only separately due to the different time constants of studies....