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All over Europe and especially in Germany the expansion of Renewable Energy Sources is quickly proceeding. A possibility to cushion generation volatility (due to the supply dependence of wind and solar power) and to use surplus energy is storage. One of the most promising technologies for long-term energy storage is Power-to-Gas (PtG). This process produces hydrogen and optionally methane from electricity...
Since the hourly spot market price is available one day ahead, the price could be transferred to the consumers and they may have some motivations to install an energy storage system in order to save their energy costs. This paper presents an optimal operation strategy for a battery energy storage system (BESS) in relation to the real-time electricity price in order to achieve the maximum profits of...
The article presents the results of simulations based on a linear optimization model of a storage system that calculates the economic benefits of distributed storage devices at the end consumer level by determining the cost optimal charge-discharge-schedule. The primary objective of the storage application is arbitrage accommodation. Particularly, parameters for a li-ion-based and a lead-acid-based...
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