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• W3118308946 abstract "Battery storage is essential for the future smart grid. The inevitable cell degradation renders the battery lifetime volatile and highly dependent on battery dispatch, and thus incurs opportunity cost. This paper rigorously derives the marginal degradation cost of battery for power system dispatch. The derived optimal marginal degradation cost is time-variant to reflect the time value of money and the functionality fade of battery and takes the form of a constant value divided by a discount factor plus a term related to battery state of health. In case studies, we demonstrate the evolution of the optimal marginal costs of degradation that corresponds to the optimal long-term dispatch outcome. We also show that the optimal marginal cost of degradation depends on the marginal cost of generation in the grid." @default.
• W3118308946 created "2021-01-18" @default.
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• W3118308946 date "2021-07-01" @default.
• W3118308946 modified "2023-10-13" @default.
• W3118308946 title "Power System Dispatch With Marginal Degradation Cost of Battery Storage" @default.
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• W3118308946 doi "https://doi.org/10.1109/tpwrs.2020.3048401" @default.
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