The master's thesis addresses the installation of a battery energy storage system alongside an existing solar power plant with a focus on legislation, standards and optimal integration with the solar plant for day-ahead trading. Analyzing such trading scenarios with a battery system is crucial due to the increasing use of battery storage connected to solar power plants in the electricity market. Such energy trading demands a deep understanding of economics, price fluctuations and the behavior of both, the battery energy storage system and the solar power plant.
The company has installed a solar power plant and aims to operate it in conjunction with with a battery energy storage system, with the intention of participating in energy trading on the day-ahead stock market.
In the first part of the thesis, the focus is on the battery cell technology and its implementation into larger battery energy storage systems. The parameters and types of battery cells described are crucial for selecting the appropriate batteries for specific applications. Additionally, a brief overview of battery cell behaviour, under various operating conditions, is presented. The subsequent section concentrates on the protection of battery energy storage systems.
In the next section, battery energy storage systems and their main components are briefly introduced. The focus is placed on how these battery storage systems can be utilized in the electrical power grid.
During the installation of the battery energy storage system, it is essential to consider the legislative procedures and standards which provide guidelines for its operation in the electrical power grid, to ensure it does not cause any harm to it. The entire legislative process, from ob-taining all necessary documents to commencing construction and connecting the system to the grid, is described in details. This ensures compliance with the regulations and requirements governing the deployment and operation of the battery energy storage system within the power grid.
For the economic viability of the investment in the battery energy storage system, a model is created to assess its operation in conjunction with the solar power plant. Based on the solar power plant's production and the technical specifications of the entire system, the project's economics is calculated. This evaluation was carried out using several different methods, which are also described in detail in the thesis. By employing various economic analysis techniques, the financial feasibility and profitability of the project were thoroughly examined.
The master's thesis centers on the economic analysis of the battery energy storage system alongside an existing solar power plant within the context of day-ahead trading with electrical energy. The thesis aims to determine the financial viability of the project and investigate how different configurations of the battery storage system impact its profitability.
The findings revealed that none of the analyzed configurations of the battery storage system currently meet the expected financial criteria. The results displayed negative net present va-lues, indicating insufficient project profitability. Nonetheless, insights were gained from the results regarding the significance of proper techological selection and compliance with legisla-tive requirements during the planning phase.
Building upon the theoretical foundation, which encompasses battery technology, energy storage systems and legislation, a better understanding of the project's complexity was obtained. It is recognized that these aspects are interconnected and play a crucial role in achieving successful projects. The importance of continued research in this field was underscored, as the challenges identified invite exploration of innovative approaches to enhance project profitability. A holistic approach, which encompasses technical, economic and legislative aspects, is vital for the planning and execution of battery energy storage projects. Despite the challenges, these projects have the potential to shape the future of the energy sector.
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