@inproceedings{f7582a1a91c94d778129515fdf2f29da,
title = "Optimized Market Bidding of Energy Storage Systems for Dynamic Containment Service",
abstract = "In a near future, the deployment of renewable energy sources will lead to an increasing need for faster and more reliable auxiliary services. This paper evaluates the participation of the energy storage systems in the Dynamic Containment service recently launched in Great Britain. Moreover, a market bidding strategy to manage the state of charge of the battery has been developed in which the Intraday Continuous Market purchase transactions are optimized. Additionally, the lifetime is estimated through an aging model based on Rainflow cycling counting algorithm and W{\"o}hler curves. A techno-economic analysis is conducted to demonstrate the technical capability and reliable performance of the energy storage system. Finally, the main financial indicators are presented for the considered case study, which states the potential profitability for this recent business model.",
keywords = "dynamic containment, electricity market, energy management, energy storage",
author = "L. Ochoa-Eguilegor and N. Goitia-Zabaleta and A. Gonz{\'a}lez-Garrido and A. Saez-De-Ibarra and H. Gazta{\~n}aga and Araceli Hernandez",
note = "Publisher Copyright: {\textcopyright} 2021 IEEE; 21st IEEE International Conference on Environment and Electrical Engineering and 2021 5th IEEE Industrial and Commercial Power System Europe, EEEIC / I and CPS Europe 2021 ; Conference date: 07-09-2021 Through 10-09-2021",
year = "2021",
doi = "10.1109/EEEIC/ICPSEurope51590.2021.9584713",
language = "English",
series = "21st IEEE International Conference on Environment and Electrical Engineering and 2021 5th IEEE Industrial and Commercial Power System Europe, EEEIC / I and CPS Europe 2021 - Proceedings",
publisher = "Institute of Electrical and Electronics Engineers Inc.",
editor = "Leonowicz, \{Zbigniew M.\}",
booktitle = "21st IEEE International Conference on Environment and Electrical Engineering and 2021 5th IEEE Industrial and Commercial Power System Europe, EEEIC / I and CPS Europe 2021 - Proceedings",
address = "United States",
}
