The value proposition for energy storage at the sterling municipal light department

Assigning value to energy storage systems at multiple points in an electrical grid

“…Sayer et al (2007) analysed the Eastern New York market data and found a $2/MW h reserve price when storage was used for other more valuable applications. 15 Based on an assumption of $30/MW h variable O&M cost and 3000 hours of annual service Table 5 Literature review summary on regulation [10][11][12]14,15,17,[19][20][21][22][23][24][25][29][30][31]37,40,41,46,47 hours, a net benefit of $36/kW-year was estimated. Using CAISO data, Eyer and Corey (2010) estimated a reserve price of $20/kW-year, which is an average of a low-end estimation of $7.9/kW-year with $3/MW h of reserve price while providing services for 30% of the hours in a year and a high-end estimation of $31.5/kW-year with $6/MW h of reserve price and providing services for 60% of the hours in a year.…”

Design of an Effective State of Charge Estimation Method for a Lithium-Ion Battery Pack Using Extended Kalman Filter and Artificial Neural Network

“…Already commercialized and matured for consumer electronic applications, the LiB is being positioning itself as a leading technology platform for plug-in hybrid electric vehicles (PHEVs) and all EVs [1,2]. It is also widely used in large facilities to support energy storage [3], load-leveling and peak shaving in the power grid [4], frequency regulation [5], and to reduce network load and capacity payments [6] in the smart grids.…”