Battery energy storage systems Blockchain Energy trading Modeling and Simulation Peer to peer Optimization
Energy storage has been in recent years a game changer in the energy sector since the adoption of renewable energy sources. In the last decade, there has been a surge in the adoption of different forms of energy storage in order to make the already available renewable sources like solar to be more reliable. There has been a lot of studies on improved batteries which can have longer duration, especially batteries that can achieve longer range in electric vehicles (EV) as the world moves towards massive EV adoption in a quest to reduce the carbon footprint. Some scholars have proposed the idea of carbon capture and sequestration, which is the process of capturing waste carbon dioxide (CO2), transporting it to a storage site, and depositing it where it will not enter the atmosphere. This research focuses on the various forms of energy storage, both for individuals and for commercial purposes and the impact of battery energy storage system (BESS) to the electricity grid, also considering the effect on the power capacity of a solar power producer. The benet of energy storage is enormous as it gives more flexibility to electricity marketers both in retail and in wholesale markets. Furthermore, BESS gives prosumers (i.e., agents that both consume and produce energy) the ability to store excess energy generated during the periods of high solar radiation and be able to send back to the grid at peak hours or sell it in an open blockchain peer-to-peer (P2P) electricity market powered by the smart contracts. As more people participate in the smart grid, which is largely due to the evolution of energy storage, there is need to improve the security of the grid to avoid unauthorized access and this improved security can be provided by a blockchain. Besides that, integrating BESS in the decision making model of a solar power producer and virtual bidding can be very beneficial to the solar power producer. A short-term decision model was proposed and simulated in MATLAB and results were obtained. It was observed that installation of BESS increased the expected prot of the solar power producer.
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Title
ASSESSING THE IMPACT OF STACKED BATTERY ENERGY STORAGE SYSTEMS (BESS) ON THE ELECTRICITY GRID
Creators
Ugonna Nnaemeka Chikezie
Contributors
Josue Campos do Prado (Advisor)
Tutku Karacolak (Advisor)
Feng Zhao (Committee Member)
Awarding Institution
Washington State University
Academic Unit
School of Engineering and Computer Science (VANC)
Theses and Dissertations
Master of Science (MS), Washington State University