Coordinated Optimization of Multiservice Dispatch for Energy Storage Systems With Degradation Model for Utility Applications

The rapid development of energy storage technologies is motivating researchers to understand the possible value of energy storage. This paper evaluates the multiservice dispatch of distribution-sited energy storage systems with realistic degradation models by integrating a multiservice optimization model with a distribution system simulator. This work attempts to define the theoretical value energy storage can bring when multiple value streams are considered in the modeling environment. Use cases presented in this paper deliver multiple services to both distribution and transmission stakeholders that can provide positive net value to the electricity system under prevailing energy storage cost structures. This work was performed in collaboration with a distribution utility to help utility personnel understand the value distributed energy storage can provide by examining different utility use cases without considering implementation costs.