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Energy Storage System Would Balance Electricity Price

Author: Source: Datetime: 2018-06-02 12:15:35
By providing products and services such as electric energy, capacity, or frequency adjustment, energy storage systems can obtain various sources of income, but what if the energy storage system needs to pay for charging?

Power system operators can use energy storage systems to prevent the transmission of more electricity to the grid, resulting in negative prices. When generators bid at negative prices, they actually pay for the electricity that is transmitted to the grid, and the energy storage system can help to alleviate the excess supply of electricity.
Energy Storage System Would Balance Electricity Price
Although Tesla’s energy storage facilities deployed in Australia have received unexpected benefits from negative prices, analysts said that such energy storage deployments are difficult to guarantee profits and are not reliable.

This apparently occurred at the Hornsdale Power Reserve facility in South Australia earlier this year and has yielded a lot.

The Hornsdale Energy Storage System is a 100 MW, 129 MWh lithium-ion battery facility owned and operated by the independently operated renewable energy provider Neoen. The project became the industry's focus for the first time last summer when Tesla CEO Elon Musk promised to build a 100-megawatt energy storage facility on schedule and build it within 100 days. If it cannot be scheduled, it will be provided free of charge. . Recently, Musk stated on the conference call that Tesla may announce a larger energy storage project within a few months and it will be a Giga-scale energy storage facility.

If the Hornsdale Energy Storage Project can benefit, then larger energy storage projects may have greater returns.
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