Battery Energy Storage Systems

Battery Energy Storage Systems (BESS) are becoming more popular due to their positive attributes such as flexibility, lower cost, modularity, etc. This paper provides a mathematical approach to quantify its financial and operational impacts. Specifically, two test cases are investigated: intermittency mitigation of a solar farm using a BESS and optimal scheduling of microgrid with BESS. The former problem is formulated as a mixed integer linear programming problem while the latter is formulated as a linear programming problem. Both algorithms provided accurate solutions while achieving optimality. Finally, a financial model for the optimal operation of an advanced lead-acid BESS is investigated.