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

doi:10.1109/PTC.2017.7981146

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 proceeding › Conference contribution › Academic › peer-review

6 Citations (Scopus)

4 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 language	English
Title of host publication	2017 IEEE Manchester PowerTech, Powertech 2017, 18-22 June 2017, Manchester, United Kingdom
Place of Publication	Piscataway
Publisher	Institute of Electrical and Electronics Engineers
Pages	1-6
ISBN (Electronic)	978-1-5090-4237-1
ISBN (Print)	978-1-5090-4238-8
DOIs	https://doi.org/10.1109/PTC.2017.7981146
Publication status	Published - 13 Jul 2017
Event	2017 IEEE PowerTech Manchester - University of Manchester, Manchester, United Kingdom Duration: 18 Jun 2017 → 22 Jun 2017 Conference number: 12 http://ieee-powertech.org/

Conference

Conference	2017 IEEE PowerTech Manchester
Abbreviated title	PowerTech 2017
Country/Territory	United Kingdom
City	Manchester
Period	18/06/17 → 22/06/17
Other	Towards and Beyond Sustainable Energy Systems
Internet address	http://ieee-powertech.org/

Keywords

arbitrage
energy storage
hydrogen bromine flow battery
imbalance market

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

Access to Document

10.1109/PTC.2017.7981146

Cite this

Paterakis, N. G., Gibescu, M., Kout, W., & Hugo, Y. A. (2017). Investigation of arbitrage between the Dutch day-ahead and imbalance markets as a business case for the hydrogen bromine flow battery. In 2017 IEEE Manchester PowerTech, Powertech 2017, 18-22 June 2017, Manchester, United Kingdom (pp. 1-6). Article 7981146 Institute of Electrical and Electronics Engineers. https://doi.org/10.1109/PTC.2017.7981146

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Paterakis, NG, Gibescu, M, Kout, W & Hugo, YA 2017, Investigation of arbitrage between the Dutch day-ahead and imbalance markets as a business case for the hydrogen bromine flow battery. in 2017 IEEE Manchester PowerTech, Powertech 2017, 18-22 June 2017, Manchester, United Kingdom., 7981146, Institute of Electrical and Electronics Engineers, Piscataway, pp. 1-6, 2017 IEEE PowerTech Manchester, Manchester, United Kingdom, 18/06/17. https://doi.org/10.1109/PTC.2017.7981146

Investigation of arbitrage between the Dutch day-ahead and imbalance markets as a business case for the hydrogen bromine flow battery. / Paterakis, N.G.; Gibescu, M.; Kout, W. et al.
2017 IEEE Manchester PowerTech, Powertech 2017, 18-22 June 2017, Manchester, United Kingdom. Piscataway: Institute of Electrical and Electronics Engineers, 2017. p. 1-6 7981146.

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › Academic › peer-review

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Paterakis NG, Gibescu M, Kout W, Hugo YA. Investigation of arbitrage between the Dutch day-ahead and imbalance markets as a business case for the hydrogen bromine flow battery. In 2017 IEEE Manchester PowerTech, Powertech 2017, 18-22 June 2017, Manchester, United Kingdom. Piscataway: Institute of Electrical and Electronics Engineers. 2017. p. 1-6. 7981146 doi: 10.1109/PTC.2017.7981146

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

Abstract

Conference

Keywords

UN SDGs

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