Analysis of Electricity Cost Saving Effect by the Optimal load shifting Operation with 1MWh Redox Flow Battery

Abstract

In recent years, the energy storage systems such as LiB, NaS, RFB(Redox-Flow Battery), Super-capacitor, pumped hydro storage, flywheel, CAES(Compressed Air Energy Storage) and so on have received great attention as practical solutions for the power supply problems. They can be used for various purpose of peak shaving, load leveling and frequency regulation, according to the characteristics of each ESS(energy storage system). This paper will focus at 1 MWh RFB system, which is being developed through the original technology project of energy material. The output of ESS is mainly characterized by C-rate, which means that the total rated capacity of battery will be delivered in 1 hour. And it is a very important factor in the ESS operation scheduling. There can be several options according to the operation intervals 15, 30 and 60 minutes. The operation scheduling is based on the optimization to minimize the daily electricity cost. This paper analyzes the cost-saving effects by the each operating time-interval in case that the RFB ESS is optimally scheduled for peak shaving and load leveling.