Influence of Hybridization on the Capacity Value of PV and Battery Resources

Ericson, Sean; Koebrich, Sam; Awara, Sarah; Schleifer, Anna; Heeter, Jenny; Cory, Karlynn; Murphy, Caitlin; Denholm, Paul

doi:10.2172/1854329

Cited by 7 publications

(3 citation statements)

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“…The capacity credit of PV + S, meanwhile, reflects the respective ELCC's of standalone solar and a standalone battery [59], as well as the relative size of the battery, via Equation (1) per [56]:…”

Section: Capacity Creditmentioning

confidence: 99%

Mind the Gap: Comparing the Net Value of Geothermal, Wind, Solar, and Solar+Storage in the Western United States

Bolinger

Millstein²,

Gorman

et al. 2022

SSRN Journal

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Section: Capacity Creditmentioning

confidence: 99%

Mind the Gap: Comparing the Net Value of Geothermal, Wind, Solar, and Solar+Storage in the Western United States

Bolinger

Millstein²,

Gorman

et al. 2022

SSRN Journal

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“…Another paper mentioned the capacity value of combining photovoltaic units and batteries. The mentioned study defined the capacity value as the monetary value of the power plant's participation in the margin of the planning reserve, which ultimately depends on the rules and market structures [32].…”

Section: Introductionmentioning

confidence: 99%

Modelling of microgrids to insure resource adequacy in the capacity market

Katiraee

Jalili

2023

IET Renewable Power Gen

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The penetration of renewable resources in distribution networks have led to the creation of a concept called microgrids. Microgrids act as a bus with the ability to control the amount of consumption and generation, from the viewpoint of system operator. If the amount of capacity that can be provided by microgrids is known, they can be effective in providing resource adequacy and the required capacity of the network. This paper contains two contributions. Modelling of capacity value of a microgrid that includes wind turbines, photovoltaic, non‐renewable generators, loads and batteries is the first innovation of this paper. Here, a capacity value model for microgrids is created for the first time. The application of microgrid capacity value model to a long‐term issue, such as ensuring resource adequacy in the capacity market, constitutes the second innovation of this paper. Consequently, there are two distinct innovations in this work. The presence of microgrids in the capacity market has increased competition and reduced costs, and on the other hand, it will help the microgrids development through their long‐term generation revenues. The proposed method has been tested on IEEE 57‐bus test system. Results have shown the efficiency of using microgrids in the capacity market.

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“…Industry interest in PVB systems has grown for many reasons. A coupled PVB project could benefit from reduced costs (relative to separate PV and battery projects) due to the potential for shared component and balance-of-system costs (Ramasamy et al 2021) and a faster interconnection process (Ericson et al 2022). 5 Historically, hybrid systems have also been motivated by a battery's unique ability to qualify for the federal investment tax credit (ITC) (Elgqvist, Anderson, and Settle 2018); however, the Inflation Reduction Act (U.S. Congress 2022) introduced an ITC for standalone storage as well, which will likely influence the relative competitiveness of standalone and coupled battery projects.…”

Section: Introductionmentioning

confidence: 99%