Investments in merchant energy storage: Trading-off between energy and reserve markets

摘要

Grid-scale energy storage units are regarded as an enabler of the renewable-dominant power systems. Currently available energy storage technologies are ubiquitous, but not equally suitable for providing different grid support services. As part of their investment process, merchant energy storage investors need to ensure that their energy storage investments are well aligned with unique grid support needs of each power system and that the storage characteristics are suitable for the simultaneous provision of multiple services.