Title: Benefits of Utility Grade Battery Energy Storage Systems for Investors and System Reliability

Abstract:

Due to their intermittent nature, high penetration of renewable energy resources (RES) can deteriorate power system reliability. A battery energy storage system (BESS) offers an opportunity to reduce the uncertainty associated with RES and hence improve power system reliability. In the last decade, the cost of BESS has declined so its deployment has become increasingly feasible, but the decision ultimately depends on its Net-Benefit to the investor. Depending on the perspective of the investor, the deployment decision involves discovering the most optimal location, capacity, and technology of BESS. Multiple network analysis-based indices can be used for selecting the optimal location. From the narrow perspective of a private investor, the Net-Benefit function is the energy arbitrage value of BESS minus its overall cost. However, the system operator additionally values BESS because it enables more reliable system operation at reduced operating costs. Multiple power system reliability indices, e.g. Value of Lost Load (VoLL), can be incorporated into the Net-Benefit function of the system operator. MATPOWER Optimal Scheduling Tool (MOST) is a promising tool for such studies in three exploration phases; the first phase helps determine search space whereas the second one narrows it down and the third phase finds the optimal BESS solution.

Biography:

KASHIF IMRAN received the B.Sc. and M.Sc. degrees in electrical engineering from the University of Engineering and Technology (UET) Lahore, in 2006 and 2008, respectively, and the Ph.D. degree in electrical engineering from the University of Strathclyde, in 2015. He received the Commonwealth Scholarship for his Ph.D. research. He has worked at the Transmission and Distribution Division, SIEMENS, and the Power Distribution Design Section, NESPAK, from 2006 to 2007. He was a Faculty Member at the University of Engineering and Technology (UET) Lahore and COMSATS University Lahore. He was the Inaugural Head of the Department of Electrical Power Engineering at the U.S. Pakistan Center for Advanced Studies in Energy (USPCSC-E), National University of Sciences and Technology (NUST), Islamabad, from 2018 to 2021. He participated in semester long energy research training at Arizona State University in 2019. Currently, he is an Associate Professor at USPCAS-E NUST. His primary research interests include energy policy, optimization for power systems, electricity markets operations and planning, as well as smart grid protection.