Energy Storage in Energy Markets: Uncertainties, Modelling, Analysis and Optimization

by Behnam Mohammadi-Ivatloo (Editor), Amin Mohammadpour Shotorbani (Editor), Amjad Anvari-Moghaddam (Editor)

Overview

Energy Storage in Energy Markets reviews the modeling, design, analysis, optimization and impact of energy storage systems in energy markets in a way that is ideal for an audience of researchers and practitioners. The book provides deep insights on potential benefits and revenues, economic evaluation, investment challenges, risk analysis, technical requirements, and the impacts of energy storage integration. Heavily referenced and easily accessible to policymakers, developers, engineer, researchers and students alike, this comprehensive resource aims to fill the gap in the role of energy storage in pool/local energy/ancillary service markets and other multi-market commerce.

Chapters elaborate on energy market fundamentals, operations, energy storage fundamentals, components, and the role and impact of storage systems on energy systems from different aspects, such as environmental, technical and economics, the role of storage devices in uncertainty handling in energy systems and their contributions in resiliency and reliability improvement.

• Provides integrated techno-economic analysis of energy storage systems and the energy markets
• Reviews impacts of electric vehicles as moving energy storage and loads on the electricity market
• Analyzes the role and impact of energy storage systems in the energy, ancillary, reserve and regulatory multi-market business
• Applies advanced methods to the economic integration of large-scale energy storage systems
• Develops an evaluation framework for energy market storage systems

Product Details

ISBN-13:	9780128203835
Publisher:	Elsevier Science
Publication date:	04/30/2021
Sold by:	Barnes & Noble
Format:	eBook
Pages:	490
File size:	88 MB
Note:	This product may take a few minutes to download.

About the Author

Behnam Mohammadi-Ivatloo, Ph.D., is a Professor with the Faculty of Electrical and Computer Engineering, University of Tabriz, Tabriz, Iran. He was previously a Senior Research Fellow at Aalborg University, Denmark. Before joining the University of Tabriz, he was a research associate at the Institute for Sustainable Energy, Environment and Economy at the University of Calgary. He obtained MSc and Ph.D. degrees in electrical engineering from the Sharif University of Technology. His main research interests are renewable energies, microgrid systems, and smart grids. He has authored and co-authored more than 200 technical publications in his domain of interest, more than 30 book chapters, and 10 books.
Amin Mohammadpour Shotorbani is a postdoctoral research fellow in energy systems at the University of British Columbia. He is interested in Smart Grid technologies and nonlinear control methods to microgrids, FACTS, VSC-HVDC, HV-MTDC Grid, Renewable Integration, WADC and WAMS. His experience includes designing robust adaptive nonlinear control using CLF, CVLF, SMC, TSMC, FOC, and developing adaptive observer techniques for power system applications. He has also been involved in the implementation of distributed optimization techniques and designing decentralized control for power system applications.
Amjad Anvari-Moghaddam PhD, SMIEEE, received the Ph.D. degree (Hons.) in Power Systems Engineering from the University of Tehran, in 2015. He is currently an Associate Professor and the vice leader of PESYS and iGRIDS research groups at the Department of Energy (AAU Energy), Aalborg University, where he is also the coordinator for the Integrated Energy Systems Laboratory (IES-Lab). He has published more than 200 technical articles, 4 books, and 8 book chapters. His research interests include planning, control, and operation management of microgrids, renewable/hybrid power systems, and integrated energy systems with appropriate market mechanisms. He was a recipient of the 2020 DUO-India Fellowship Award, the DANIDA Research Fellowship grant from the Ministry of Foreign Affairs of Denmark, in 2018, the IEEE-CS Outstanding Leadership Award 2018 (Halifax, Nova Scotia, Canada), and the 2017 IEEE-CS Outstanding Service Award (Exeter-UK).

Table of Contents

1. Energy market fundamentals and operation2. Energy Storage Fundamentals and Components3. Overview of the energy storage systems for wind power integration4. Optimization of energy storage systems in energy markets5. IGDT-based optimal low-carbon generation dispatch of power system integrated with compressed air energy storage systems6. An Overview of Battery Economics in the Electric Vehicles Industry (RETRACTION)7. Energy vehicles as means of energy storage: Impacts on Energy Markets and Infrastructure8. Application of Electric Vehicles as Mobile Energy Storage Systems in the Deregulated Active Distribution Network9. Economic Analysis of Energy Storage Systems in Multi-Carrier Micro-Grids10. Optimal Resilient Scheduling of Multi-Carrier Energy Distribution Systems Considering Energy Storages and Plug-in Electric Hybrid Vehicles Contribution Scenarios11. Optimal participation of electric vehicles aggregator in energy and flexible ramping markets12. Electric vehicles as means of energy storage: participation in ancillary services markets13. Evaluating the advantages of electric vehicle parking lots in day-ahead scheduling of wind-based power systems14. Large-scale energy storages in energy, reserve, regulation and ancillary multi-markets15. Electric Energy Storage Systems Integration in Energy Markets and Balancing Services16. Reliability Modelling of Renewable Energy Sources with Energy Storage Devices17. Reliability and Resiliency assessment in integrated of gas and electricity systems in presence of energy storage systems18. Reliability Analysis and Role of Energy Storage in Resiliency of Energy Systems19. Electric vehicles and electric storage systems participation in provision of flexible ramp service

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From the Publisher

Helps readers explore the modeling, design, analysis, optimization, and impact of energy storage systems in energy markets, also covering smart grids