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Center for Nonlinear Studies |
The increasing amount of intermittent and stochastic generation from renewable energy sources such as wind and solar creates reliability and economics problems for grid operators. Battery energy storage systems hold the promise of helping solve these problems. However, the cost of batteries remains high and they have to be managed carefully to avoid an excessively rapid degradation. In this presentation, we will discuss how battery degradation is affected by the frequency and depth of their charge/discharge cycles and how the cost of this degradation can be taken into account in optimal dispatch.
Host: Michael Chertkov