Energy Storage in Energy Markets

Energy Storage in Energy Markets

Uncertainties, Modelling, Analysis and Optimization

1st Edition - April 30, 2021

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  • Editors: Behnam Mohammadi-Ivatloo, Amin Mohammadpour Shotorbani, Amjad Anvari-Moghaddam
  • eBook ISBN: 9780128203835

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Description

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.

Key Features

  • 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

Readership

Early career researchers focusing on applications of energy storage in energy systems, energy and regulation markets, the interactions between energy storage systems and market operators, as well as design and optimization of the energy systems

Table of Contents

  • 1. Energy market fundamentals and operation
    2. Energy Storage Fundamentals and Components
    3. Overview of the energy storage systems for wind power integration
    4. Optimization of energy storage systems in energy markets
    5. IGDT-based optimal low-carbon generation dispatch of power system integrated with compressed air energy storage systems
    6. An Overview of Battery Economics in the Electric Vehicles Industry (RETRACTION)
    7. Energy vehicles as means of energy storage: Impacts on Energy Markets and Infrastructure
    8. Application of Electric Vehicles as Mobile Energy Storage Systems in the Deregulated Active Distribution Network
    9. Economic Analysis of Energy Storage Systems in Multi-Carrier Micro-Grids
    10. Optimal Resilient Scheduling of Multi-Carrier Energy Distribution Systems Considering Energy Storages and Plug-in Electric Hybrid Vehicles Contribution Scenarios
    11. Optimal participation of electric vehicles aggregator in energy and flexible ramping markets
    12. Electric vehicles as means of energy storage: participation in ancillary services markets
    13. Evaluating the advantages of electric vehicle parking lots in day-ahead scheduling of wind-based power systems
    14. Large-scale energy storages in energy, reserve, regulation and ancillary multi-markets
    15. Electric Energy Storage Systems Integration in Energy Markets and Balancing Services
    16. Reliability Modelling of Renewable Energy Sources with Energy Storage Devices
    17. Reliability and Resiliency assessment in integrated of gas and electricity systems in presence of energy storage systems
    18. Reliability Analysis and Role of Energy Storage in Resiliency of Energy Systems
    19. Electric vehicles and electric storage systems participation in provision of flexible ramp service

Product details

  • No. of pages: 490
  • Language: English
  • Copyright: © Academic Press 2021
  • Published: April 30, 2021
  • Imprint: Academic Press
  • eBook ISBN: 9780128203835

About the Editors

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).

Affiliations and Expertise

Postdoctoral Researcher in Energy Technology, Aalborg University, Aalborg, Denmark

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