Energy Storage in Energy Markets

Uncertainties, Modelling, Analysis and Optimization

1st Edition - April 30, 2021
Editors: Behnam Mohammadi-Ivatloo, Amin Mohammadpour Shotorbani, Amjad Anvari-Moghaddam
Language: English
Paperback ISBN:
9 7 8 - 0 - 1 2 - 8 2 0 0 9 5 - 7
eBook ISBN:
9 7 8 - 0 - 1 2 - 8 2 0 3 8 3 - 5

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… Read more

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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.

Behnam Mohammadi-Ivatloo

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.

Affiliations and expertise

Department of Electrical and Computer Engineering, University of Tabriz, Tabriz, Iran.

Amin Mohammadpour Shotorbani

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.

Affiliations and expertise

Postdoctoral Research Fellow, University of British Columbia, Okanagan, Canada

Amjad Anvari-Moghaddam

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).