Unlocking the Potential of Value Stacking in Norwegian Distributions Systems
Challenge and objective
While BESS are becoming more viable due to cost reductions. Optimizing BESS for a single grid service often underutilizes its potential, reducing profitability and increasing idle time.
The study aims to evaluate the feasibility and profitability of using BESS for multiple grid services (value stacking) like energy arbitrage and voltage regulation in Norwegian distribution systems.
Work performed
Developed algorithms for energy arbitrage and voltage regulation.
Simulated service value stacking in a distribution grid model.
Conducted case studies to evaluate the methods and profitability.
Significant results
Service stacking increased profitability, especially with optimization methods. Voltage regulation boosted overall profits.
MPC and linear optimization outperformed the rule-based approach.
Impact for distribution system innovation
Improved grid flexibility and stability through multi-service BESS usage.
Higher profitability for distributed energy resources.
Better integration of renewables with enhanced voltage regulation.
Magnus Korpås
WP3 Lead
+47 970 42 009
Name
Magnus Korpås
Title
WP3 Lead
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Reference in CINELDI
Jacob F. von Krogh, Olimpo Anaya-Lara, Raymundo E. Torres-Olguin, Jonatan Kremets and Kasper E. Thorvaldsen, "Unlocking the Potential of Value Stacking in Norwegian Distribution Systems", Proceedings of the IEEE Industrial Electronics Society (IECON), Chicago, November 2024 (Inpress).
