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Analyzing energy storage system for energy arbitrage

The need for integration of renewable energy to the electricity grid promotes research and development of new energy storage technologies, as well as models and techniques to study them. In this sense, the present work proposes a model to evaluate the benefit that can be harnessed through energy arb...

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Main Author: Buzarquis Ríos, Enrique Hazam Mohammed (author)
Other Authors: Coronel, Diego (author), Blanco Bogado, Gerardo Alejandro (author)
Format: article
Language:English
Published: 2017
Subjects:
5. Energía
ENERGY ARBITRAGE
ENERGY STORAGE
VANADIUM REDOX BATTERY
ENERGIA ELECTRICA
Online Access:http://hdl.handle.net/20.500.14066/3354
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author Buzarquis Ríos, Enrique Hazam Mohammed
author2 Coronel, Diego
Blanco Bogado, Gerardo Alejandro
author2_role author
author
author_browse Blanco Bogado, Gerardo Alejandro
Buzarquis Ríos, Enrique Hazam Mohammed
Coronel, Diego
author_facet Buzarquis Ríos, Enrique Hazam Mohammed
Coronel, Diego
Blanco Bogado, Gerardo Alejandro
author_role author
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bitstream.url.fl_str_mv http://repositorio.conacyt.gov.py/bitstream/20.500.14066/3354/1/14-INV-271art12.pdf
http://repositorio.conacyt.gov.py/bitstream/20.500.14066/3354/2/license.txt
http://repositorio.conacyt.gov.py/bitstream/20.500.14066/3354/3/14-INV-271art12.pdf.txt
dc.contributor.other.es.fl_str_mv Universidad Nacional de Asunción - Facultad Politécnica
dc.creator.none.fl_str_mv Buzarquis Ríos, Enrique Hazam Mohammed
Coronel, Diego
Blanco Bogado, Gerardo Alejandro
dc.date.accessioned.none.fl_str_mv 2022-04-24T15:07:56Z
dc.date.available.none.fl_str_mv 2022-04-24T15:07:56Z
dc.date.issued.none.fl_str_mv 2017
dc.identifier.uri.none.fl_str_mv http://hdl.handle.net/20.500.14066/3354
dc.language.iso.es.fl_str_mv eng
dc.relation.projectCONACYT.es.fl_str_mv 14-INV-271
dc.rights.accessRights.es.fl_str_mv info:eu-repo/semantics/openAccess
dc.subject.classification.es.fl_str_mv 5. Energía
dc.subject.other.es.fl_str_mv ENERGY ARBITRAGE
ENERGY STORAGE
VANADIUM REDOX BATTERY
ENERGIA ELECTRICA
dc.title.es.fl_str_mv Analyzing energy storage system for energy arbitrage
dc.type.es.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
description The need for integration of renewable energy to the electricity grid promotes research and development of new energy storage technologies, as well as models and techniques to study them. In this sense, the present work proposes a model to evaluate the benefit that can be harnessed through energy arbitrage in function of a daily hourly rate differentiation. The Vanadium Redox Battery is one of the energy storage technologies that have proven most interesting for stationary applications in recent years, especially to medium and large-scale installations. A mathematical model is presented and applied to a case study to evaluate the feasibility of investing in an energy storage system of vanadium redox batteries. The results indicate that at present the capital cost should decrease around 75% to be considered profitable for the case study. Finally, real options approach analysis is suggested to assess the flexibility offered by VRB ESS, such as relocation, expansion and abandonment.
eu_rights_str_mv openAccess
format article
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language eng
network_acronym_str CONACYT
network_name_str Repositorio Institucional CONACYT
oai_identifier_str oai:repositorio.conacyt.gov.py:20.500.14066/3354
publishDate 2017
publishDateSort 2017
repository.mail.fl_str_mv repositorio.institucional@conacyt.gov.py
repository.name.fl_str_mv Repositorio Institucional CONACYT
repository_id_str
spelling 1936000009-0009-8737-3777311600160600Universidad Nacional de Asunción - Facultad Politécnica2022-04-24T15:07:56Z2022-04-24T15:07:56Z2017http://hdl.handle.net/20.500.14066/3354The need for integration of renewable energy to the electricity grid promotes research and development of new energy storage technologies, as well as models and techniques to study them. In this sense, the present work proposes a model to evaluate the benefit that can be harnessed through energy arbitrage in function of a daily hourly rate differentiation. The Vanadium Redox Battery is one of the energy storage technologies that have proven most interesting for stationary applications in recent years, especially to medium and large-scale installations. A mathematical model is presented and applied to a case study to evaluate the feasibility of investing in an energy storage system of vanadium redox batteries. The results indicate that at present the capital cost should decrease around 75% to be considered profitable for the case study. Finally, real options approach analysis is suggested to assess the flexibility offered by VRB ESS, such as relocation, expansion and abandonment.Consejo Nacional de Ciencia y TecnologíaPROCIENCIAeng5. EnergíaENERGY ARBITRAGEENERGY STORAGEVANADIUM REDOX BATTERYENERGIA ELECTRICAAnalyzing energy storage system for energy arbitrageinfo:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersion14-INV-271info:eu-repo/semantics/openAccessBuzarquis Ríos, Enrique Hazam MohammedCoronel, DiegoBlanco Bogado, Gerardo AlejandroORIGINAL14-INV-271art12.pdf14-INV-271art12.pdf14-INV-271art12application/pdf433501http://repositorio.conacyt.gov.py/bitstream/20.500.14066/3354/1/14-INV-271art12.pdf3fd38a396d69e5f507cc2b3513c61020MD51LICENSElicense.txtlicense.txttext/plain; charset=utf-81698http://repositorio.conacyt.gov.py/bitstream/20.500.14066/3354/2/license.txt858b22fda432bd774e469302988c1974MD52TEXT14-INV-271art12.pdf.txt14-INV-271art12.pdf.txtExtracted texttext/plain18082http://repositorio.conacyt.gov.py/bitstream/20.500.14066/3354/3/14-INV-271art12.pdf.txt4522e2a73d65bb135a77fb186f7f8eddMD5320.500.14066/3354oai:repositorio.conacyt.gov.py:20.500.14066/33542026-02-12 19:30:25.871Repositorio Institucional CONACYTrepositorio.institucional@conacyt.gov.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
spellingShingle Analyzing energy storage system for energy arbitrage
Buzarquis Ríos, Enrique Hazam Mohammed
5. Energía
ENERGY ARBITRAGE
ENERGY STORAGE
VANADIUM REDOX BATTERY
ENERGIA ELECTRICA
status_str publishedVersion
title Analyzing energy storage system for energy arbitrage
title_full Analyzing energy storage system for energy arbitrage
title_fullStr Analyzing energy storage system for energy arbitrage
title_full_unstemmed Analyzing energy storage system for energy arbitrage
title_short Analyzing energy storage system for energy arbitrage
title_sort Analyzing energy storage system for energy arbitrage
topic 5. Energía
ENERGY ARBITRAGE
ENERGY STORAGE
VANADIUM REDOX BATTERY
ENERGIA ELECTRICA
url http://hdl.handle.net/20.500.14066/3354

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