气候变化领域集成服务门户(CCPortal): A techno-economic assessment of battery business models in the UK electricity market

CCPortal

DOI	10.1016/j.enpol.2020.111938
	A techno-economic assessment of battery business models in the UK electricity market
	Martins J.; Miles J.
发表日期	2021
ISSN	03014215
卷号	148
英文摘要	The UK's transition to a zero-carbon economy is inevitably leading to an electricity grid with a high penetration of intermittent renewable energy generation, resulting in the need to install grid-scale energy storage systems at an accelerating rate. This study has taken the perspective of a business owner to assess the profitability of deploying battery technologies in the UK electricity market by analysing arbitrage in electricity markets, capacity market auctions, and ancillary services (frequency response and reserve). Additional work was conducted for integrating battery arbitrage cycling with solar and wind generation, comparing the utilisation of a linear programming model against a simplistic threshold cycling model. An overall economic assessment of value streams found that the lowest payback periods for premium ancillary services were 3.3 years (advanced lead-acid battery providing fast reserve) and 6.6 years (lithium-ion battery providing frequency response). Moreover, this research has demonstrated promising returns on investment for stacking short-term operating reserve with arbitrage in the balancing market. In the near future, battery systems will likely attain accelerated deployment due to reforms in ancillary service structures, cost reductions in battery technologies, greater price volatility in the balancing market, and effective policy incentives introduced by the UK government. © 2020 Elsevier Ltd
关键词	Ancillary services Balancing market Capacity market Energy arbitrage Grid-scale batteries Renewable energy generation
英文关键词	Cost reduction; Electric energy storage; Electric industry; Frequency response; Investments; Linear programming; Lithium-ion batteries; Power markets; Renewable energy resources; Ancillary service; Battery technology; Economic assessments; Energy storage systems; Linear programming models; Renewable energy generation; Returns on investment; Techno-economic assessment; Lead acid batteries; business development; electricity generation; electricity supply; energy market; energy policy; smart grid; United Kingdom
语种	英语
来源期刊	Energy Policy
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/205248
作者单位	Engineering Department, University of Cambridge, Trumpington St, Cambridge, CB2 1PZ, United Kingdom
推荐引用方式 GB/T 7714	Martins J.,Miles J.. A techno-economic assessment of battery business models in the UK electricity market[J],2021,148.
APA	Martins J.,&Miles J..(2021).A techno-economic assessment of battery business models in the UK electricity market.Energy Policy,148.
MLA	Martins J.,et al."A techno-economic assessment of battery business models in the UK electricity market".Energy Policy 148(2021).