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RETISOCS

Real-time battery energy storage system control optimization considering multiple revenue streams

RESEARCH TOPIC

Energy storage, Innovation by: digitalisation

OUR ROLE

Project coordinator

OUR INVOLVED EXPERTS

Jan Desmet

START DATE

1 December 2021

END DATE

29 February 2024

FINANCED BY

UGent | IOF

PROJECT WEBSITE

MORE INFORMATION

Battery energy storage systems (BESS) play a crucial role in the framework of the European Green Deal and more specifically with regard to the future flexibility of energy supply. So far, in most applications BESS are only used for a single purpose (usually to increase the self-sufficiency of PV systems or to maintain the power balance in the whole synchronous European interconnected network system - so called FCR). It can be easily shown that the battery is either under-utilised most of the time or even inactive for longer periods.

In order to increase the return on investment (ROI) in a battery system, a multi-objective environment is proposed where the BESS is deployed for multiple purposes, possibly simultaneously, in order to generate greater battery utilisation and consequently higher revenue streams.

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