Economic Value of Li-ion Energy Storage System in Frequency Regulation Application from Utility Firm’s Perspective in Korea

Economic Value of Li-ion Energy Storage System in Frequency Regulation Application from Utility Firm’s Perspective in Korea

Energy Storage Systems (ESSs) have recently been highlighted because of their many benefits such as load-shifting, frequency regulation, price arbitrage, renewables, and so on. Among those benefits, we aim at evaluating their economic value in frequency regulation application. However, unlike previo...

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Bibliographic Details
Main Authors: Wonchang Hur, Yongma Moon, Kwangsup Shin, Wooje Kim, Suchul Nam, Kijun Park
Format: Article
Language:English
Published: MDPI AG 2015-05-01
Series:Energies
Subjects:
energy storage system
economic value
utility firm
frequency regulation
ancillary services
Online Access:http://www.mdpi.com/1996-1073/8/6/5000

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