Economic and grid potentials of implementing an energy storage system : A case study of the benefits of peak shaving if implementing an energy storage system
Abstract: Morgongåva is an urban centre in Sweden, with several challenges in the electrical power grid. In order to use the power grid more efficiently, this report investigates potentials of installing a battery energy storage system (BESS). Focus lies on finding economic and technical benefits of reducing power peaks, which occur during high demand hours when transmitting energy is more expensive. This method is referred to as peak shaving. Further, economic calculations if installing a BESS are based on electricity pricing data. Calculations regarding technical benefits are based on net power demand data. Further, the study shows that the usage of the grid, which was measured with the load factor, would increase and thus allow installation of more power sources and connecting more load to the grid. The load factor was estimated to increase by an average of 2.12 percent each month in 2019. In one year, the economic profit was estimated to be 91,000 kr. The conclusion is that there are economic profits for Sala-Heby Energi of installing a BESS, but more importantly a BESS has technical consequences in the power grid. Where technical benefits are important in order to reach the goals of Agenda 2030 but also to obtain a more reliable grid for the customers. A sensitivity analysis shows that the model is robust. Thus, the conclusion is that Sala-Heby Energi and the local electricity grid in Morgongåva would benefit from installing a BESS.
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