Investigation of arbitrage between the Dutch day-ahead and imbalance markets as a business case for the hydrogen bromine flow battery

N.G. Paterakis, M. Gibescu, W. Kout, Y.A. Hugo

Research output: Chapter in Book/Report/Conference proceedingConference contributionAcademicpeer-review

6 Citations (Scopus)
3 Downloads (Pure)

Abstract

The role of energy storage as a means to support power systems in the light of increasing penetration of renewable energy sources is already recognized. A large number of scientific studies highlight the potential benefits, while transmission and distribution system operators actively engage in numerous pilot projects. However, independent investors might be reluctant to invest in energy storage, mainly due to factors such as the high investment cost, the relatively limited service life of storage technologies and the absence of clear business cases within the current regulatory framework. In this paper, arbitrage between the day-ahead and the imbalance markets is investigated to identify a potential business opportunity for a hydrogen bromine redox flow battery. Based on an actual commercial solution, the analysis for the Dutch electricity market reveals the potential for a positive business case under certain assumptions.

Original languageEnglish
Title of host publication2017 IEEE Manchester PowerTech, Powertech 2017, 18-22 June 2017, Manchester, United Kingdom
Place of PublicationPiscataway
PublisherInstitute of Electrical and Electronics Engineers
Pages1-6
ISBN (Electronic)978-1-5090-4237-1
ISBN (Print)978-1-5090-4238-8
DOIs
Publication statusPublished - 13 Jul 2017
Event12th IEEE PES PowerTech Conference - University of Manchester, Manchester, United Kingdom
Duration: 18 Jun 201722 Jun 2017
Conference number: 12
http://ieee-powertech.org/

Conference

Conference12th IEEE PES PowerTech Conference
Abbreviated titlePowerTech 2017
Country/TerritoryUnited Kingdom
CityManchester
Period18/06/1722/06/17
OtherTowards and Beyond Sustainable Energy Systems
Internet address

Keywords

  • arbitrage
  • energy storage
  • hydrogen bromine flow battery
  • imbalance market

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